1. Pink Sheet

Aerpio Obtains $27M In Series A To Fund Pair Of Phase II Studies

 
• By Lisa LaMotta

The recently spun-out company raised money to fund two Phase II trials in hopes of garnering a partner for its diabetic macular edema drug.

Aerpio Therapeutics recently closed a Series A financing that will carry it through 2014 and two mid-stage trials for its lead compound, AKB-9778. The company has spent the first nine months of its existence testing the drug in healthy volunteers and hopes that data from the upcoming trials will make the drug attractive to a partner.

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