Galera Raises $150m To Take Lead Drug From Phase III To NDA Submission

 
• By Mandy Jackson
  
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Galera garnered $70m in Series C venture capital and $80m through a royalty deal tied to GC4419 and a follow-up drug for the treatment of severe oral mucositis caused by radiation therapy with an initial focus on head and neck cancer patients.

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Galera Therapeutics Inc. raised $150m in private funding, including $70m in Series C venture capital and $80m from a royalty financing, to develop its lead drug candidate from Phase III through a US FDA filing for its first indication – the treatment of radiation-induced severe oral mucositis (SOM) in head and neck cancer patients. Additional SOM and cancer treatment indications also are being pursued.

Malvern, Penn.-based Galera is developing multiple small molecule dismutase mimetics, which mimic the activity of human superoxide dismutase enzymes. Lead...

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