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Cara Therapeutics Gets $19M Series C

Tuesday, November 28, 2006 8:00:00 AM PDT | VentureDeal Staff

TARRYTOWN, NY -- Cara Therapeutics announced the closing of a Series C round of financing, in the amount of $19 million.

The company has developed and licensed a peripherally-acting pain drug, CR665, which is still in clinical trials.  Cara has other pain drugs in various stages of trial.  The company intends to use the funding to advance two other pain drugs through clinical trials and for working capital through 2008.

Investors in the round included MVM Life Science Partners, Alta Biopharma Partners and Ascent Medical Ventures.

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