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Cardior Counts On RNA To Tackle Cardiac Disease

Raises €64m In Series B Financing

 
• By Kevin Grogan

The German firm intends to use the proceeds from an over-subscribed round to move its micro-RNA-132 inhibitor forward into trials for heart failure and advance its pipeline.

Human's heart. Electric lights effect background.
• Source: Archive

Cardior Pharmaceuticals GmbH has closed a €64m series B financing round that will help the German biotech take its non-coding RNA candidate into mid-stage trials for heart failure.

The proceeds will be used to fund a Phase II trial of CDR132L, an antisense oligonucleotide that inhibits a non-coding micro-RNA believed to have a regulatory function in cells, thereby reversing the cellular pathology and restoring normal function in cardiomyocytes

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