Contraline Secures $92.5 Million In Series B Funding Led By BVF Partners And RA Capital Management
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See Similar DealsContraline Secures $92.5 Million In Series B Funding Led By BVF Partners And RA Capital Management
Summary
Contraline has raised $92.5 million in a Series B financing round co-led by BVF Partners L.P. and RA Capital Management. The funds will be utilized to further the late-stage development of NES/T Gel, a reversible hormonal male contraceptive that has recently completed a Phase 2b study and is anticipated to advance to Phase 3 trials in 2027.
Summary of transaction details:
- Deal Type: Series B
- Transaction Amount: $92,500,000
- Company: Contraline
- Founders: Kevin Eisenfrats & Dr. John Herr
- Headquarters: Charlottesville, Virginia
- Notable Investors: BVF Partners L.P., RA Capital Management, GV (Google Ventures), Lumira Ventures, Invus
Contraline is a clinical-stage biopharmaceutical company dedicated to advancing male reproductive health. The co-founder and CEO, Kevin Eisenfrats, highlighted that the financing is crucial for expanding contraceptive options for men and couples. The company is also focused on the development of its non-hormonal ADAM™ program.
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