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Reata Pharma Closes $25 Million Series E Round

Monday, July 09, 2007 5:00:00 AM PDT | VentureDeal Staff

IRVING, TX -- Cancer drug company Reata Pharmaceuticals, Inc. announced that it has closed a fifth round of venture capital financing, receiving $25 million in new investment.

Reata is currently in clinical trials of its two lead cancer fighting candidates, RTA 402 and RTA 744.  RTA 402 is also in development for inflammatory diseases such as hepatitis and rheumatoid arthritis. 

Investors leading the round included CPMG, Inc. and Novo A/S.  The company intends to use the proceeds to fund Phase 2 studies of its lead candidates and continue development of its pre-clinical drugs.

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