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Cardioxyl Collects $28 Million New Venture Capital

Thursday, November 08, 2012 5:54:00 AM PDT | VentureDeal

   Chapel Hill, North Carolina  --  Cardioxyl Pharmaceuticals has landed $28 million in new venture capital equity financing, according to an SEC regulatory filing.

Cardioxyl is developing new classes of therapeutic agents for the treatment of cardiovascular disease, initially focusing on acute decompensated heart failure.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Cardioxyl is backed by a syndicate of venture capital firms, including New Enterprise Associates and the Aurora Funds.

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