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NeurAxon Raises Venture Debt Financing

Monday, January 04, 2010 5:54:00 AM PDT | VentureDeal Staff

Toronto, Canada  --  Pharmaceutical company NeurAxon has secured $8.75 million in a new round of venture capital debt funding.

NeurAxon is developing new pain therapeutics aimed at the inhibition of neuronal nitric oxide synthase (nNOS).

Investors in the company include Delphi Ventures, Ventures West, HIG Ventures and BDC Venture Capital.  The company said it would use the funding proceeds to support its ongoing research and development efforts.

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