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Relypsa brings in $70mm through its Series B venture round
24 Sep 2010
Relypsa Inc. (developing nonabsorbed polymeric therapeutics for cardiovascular and renal conditions) has raised $70mm through the closing of its Series B venture round. New investor OrbiMed Advisors led the financing (and contributes a board member) and was joined by current shareholders New Leaf Venture Partners, 5AM Ventures, Delphi Ventures, Sprout Group, and Mediphase Venture Partners. The company will use the funds to continue working on RLY5016, which has finished Phase II for chronic and acute hyperkalemia, a disease prevalent in patients with renal impairment, hypertension, diabetes, and heart failure.
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