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Renibus Therapeutics Announces Final Close Of Upsized Series B Financing, Bringing Total Round To $72 Million

PRIVATESep 12, 2023

Round Type

Series B

SouthlakeBiotechnologyHealthcareHealth CareMedicalTherapeuticsBiopharma

Investors

Renibus

Description

Renibus Therapeutics, Inc., ("Renibus"), a clinical-stage biopharmaceutical company focusing on the prevention and treatment of cardio-renal and metabolic diseases, today announced the close of an extension to its Series B financing round, bringing the total amount raised to $72 million. Renibus' investors are comprised of existing and new investors, including leaders in the cardiac surgery community.

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Company Information

Company

Renibus Therapeutics

Location

Southlake, Texas, United States

About

Renibus is a clinical-stage biopharmaceutical company focused on preventing disease progression, protecting against organ damage, and improving outcomes in cardiorenal diseases. Its pipeline includes first-in-class therapies that activate cytoprotective pathways. Lead candidate RBT-1, currently in Phase 2 for cardiac surgery, will enter Phase 3 trials to reduce complications post-cardiothoracic surgery. Other programs include RBT-2 for slowing CKD progression, RBT-3 for preventing cisplatin-induced nephrotoxicity, and RBT-9, an anti-inflammatory compound that showed promise in reducing hospital stays in COVID-19 patients.

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Related People

1 contact
Verified contactsJeff K., Co-Founder, President and COOSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Renibus 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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