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Ophthotech completes its $30mm Series B round

Executive Summary

Ophthotech (developing wet and dry age-related macular degeneration therapeutics) has closed its $30mm Series B venture round. Clarus Ventures led (and contributes a board member) and was joined by current shareholders SV Life Sciences, Novo AS, and HBM BioVentures. The company will use the funds for a Phase II study of E10030, a PDGF-targeting compound for wet AMD.
Deal Industry
  • Biotechnology
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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