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Retension Pharmaceuticals raised $10.4 million in a Series A funding led by undisclosed investors to fund clinical trials for patients suffering from resistant and uncontrolled hypertension.

PUBLIC · RTSNAug 21, 2024

Amount Raised

$10.4 Million

Round Type

Series A

McleanBiotechnologyHealthcareHealth CareTherapeuticsPharmaceuticalBiopharma

Description

Retension Pharmaceuticals announced the successful closing of its $10.4 million Series A financing round to initiate a Phase 2 clinical study for patients with uncontrolled hypertension. The company is focused on developing innovative treatments for hypertension and cardiovascular disease.

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Company Information

Company

Retension Pharmaceuticals

Location

Mclean, Virginia, United States

About

Retension Pharmaceuticals is developing RTN-001, a differentiated, tissue-targeted PDE5 inhibitor that has been optimized for the treatment of uncontrolled hypertension. RTN-001 has been evaluated in over 265 subjects across 9 clinical trials. In these studies, RTN-001 was well tolerated and demonstrated a sustained and clinically significant impact on central and brachial blood pressure in patients with uncontrolled hypertension. RTN-001 is a second generation PDE5i that preferentially distributes to cardiovascular tissues, where it acts to mediate a sustained and clinically significant impact on central and brachial blood pressure in patients with uncontrolled hypertension.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Retension Pharmaceuticals 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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