CalciMedica collects $15m in series C round

May 25, 2020 • Callum Cyrus

Biogen and GlaxoSmithKline-backed CalciMedica has received series C capital to advance a possible Covid-19 treatment through clinical testing.

CalciMedica, a US-based immune disorder drug developer backed by pharmaceutical firms Biogen and GlaxoSmithKline, secured $15m on Friday in a series C round led by venture capital firm Valence Life Sciences.

The round included Bering Capital, Mesa Verde Venture Partners and Sanderling Ventures and it took the company’s overall equity and debt financing to approximately $73m.

Founded in 2006, CalciMedica is developing small molecule drugs for immune system-driven diseases. Its lead product candidate, Auxora, is focused on coronavirus-driven pneumonia.

The…

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