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Onl Therapeutics Closes First Tranche Of $15 Million Series C Financing To Advance Lead Compound Into Phase 2 Clinical Trial

PRIVATEMar 08, 2023

Amount Raised

$15 Million

Round Type

Series C

Ann ArborBiotechnologyHealth CareBiopharma

Description

ONL Therapeutics, Inc., a clinical-stage biopharmaceutical company developing novel therapies for protecting the vision of patients with retinal disease, today announced it has closed on the first tranche of a $15 million Series C Preferred Stock financing round. Proceeds from the financing will primarily support the advancement of ONL1204 Ophthalmic Solution into a Phase 2 clinical trial in patients with macula-off rhegmatogenous retinal detachment (RRD).

Quick answer

ONL Therapeutics raised $15 Million in a Series C round, dated March 8, 2023. ONL Therapeutics is based in Ann Arbor, Michigan, United States.

How much did ONL Therapeutics raise?
ONL Therapeutics raised $15 Million in a Series C round on March 8, 2023.
What does ONL Therapeutics do?
ONL Therapeutics (ONL) is a clinical-stage biopharmaceutical company committed to developing first-in-class therapeutics to protect and improve the vision of patients with retinal disease.
Where is ONL Therapeutics based and how big is it?
ONL Therapeutics is based in Ann Arbor, Michigan, United States. Fundz records about 10 employees.
Who are the decision-makers at ONL Therapeutics?
Fundz holds 1 contact at ONL Therapeutics, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biopharma and Biotechnology around the same time

Companies in the same sectors as ONL Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • DiaMedica Therapeutics raised $750K (Seed) on April 10, 2023.
  • Milestone Pharmaceuticals raised $125M on March 28, 2023.
  • Disc raised $63M (Funding Round) on February 14, 2023.
  • Provention Bio raised $35M on February 13, 2023.
  • CUREMARK LLC raised $1.3M (Seed) on January 30, 2023.
  • Hasten Biopharmaceutic Ltd raised $315M (Funding Round) on April 20, 2023.

Who to call at ONL Therapeutics, and when

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Company Information

Company

ONL Therapeutics

Location

524 S. Main St

Ann Arbor, Michigan, United States

About

ONL Therapeutics (ONL) is a clinical-stage biopharmaceutical company committed to developing first-in-class therapeutics to protect and improve the vision of patients with retinal disease. By advancing a breakthrough technology designed to protect key retinal cells from Fas-mediated cell death, ONL is pioneering a new approach to preserving vision.

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Related People

1 contact
Verified contactsDavid E., Executive Officer, Director hiddenSee plans and pricing
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ONL Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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