Thesan Pharmaceuticals Closes $16M Series A Financing
Summary
Thesan Pharmaceuticals, a San Clemente CA-based biotechnology company focused on the development and commercialization of novel drugs for the treatment of dermatological conditions, has closed a $16m Series A financing.The company intends to use the capital to develop novel approaches for the treatment of dermatological disorders.Its lead drug candidate is a topically-applied new chemical entity expected to enter the clinic in 2013.The products have been developed in the laboratory of Professor Daniele Piomelli, who is Louise Turner Arnold Chair of Neurosciences at UCI and the Director of Drug Discovery and Development at the Istituto Italiano di Tecnologia (IIT), Genoa, Italy, a private law Foundation jointly established by the Ministry of Education, University and Research and the Ministry of Economy and Finance, with the aim of promoting excellence in both basic and applied research and to facilitate the development of the national economy.In conjunction with the funding, Peter Bisgaard and Tiba Aynechi from Novo, as well as Giovanni Ferrara and Henry Skinner from Novartis have joined the company’s Board, along with Dr. Howard Welgus, former VP R&D for Dermatology/Inflammation at Pfizer.