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Laguna Pharma Closes Series B Venture Capital Round

Wednesday, February 18, 2015 5:48:00 AM PDT | VentureDeal

   La Jolla, California  --  Laguna Pharmaceuticals, formerly ChanRx, has received $30 million in its second round of institutional venture capital funding.

Laguna is developing vanoxerine for the treatment of atrial fibrillation and atrial flutter.

Lead investors in the round were Versant Ventures and Frazier Healthcare Ventures.

Additional investors were Sante Ventures and BioMed Ventures.

The company said it would use the proceeds to progress its phase 3 clinical development for its lead compound vanoxerine.

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