Cardioxyl Pharmaceuticals
AcquiredTowson, United States · Founded 2005 · $42.5M raised
- Headquarters
- Towson, Maryland
- Employees
- 11–50
- Founded
- 2005
- Business Model
- B2B
- Website
- cardioxyl.com
- Total Funding
- $42.5M
- Last Round
- $14.5M Series ANov 2012
- Rounds
- 2
- Acquired by
- Bristol-Myers Squibb CompanyJan 2015
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Cardioxyl Pharmaceuticals was a private biotechnology company focused on the discovery and development of novel therapeutic agents for cardiovascular disease, particularly heart failure. Its lead asset, CXL-1427, was a nitroxyl (HNO)-releasing prodrug with a novel mechanism of action that advanced to Phase 2 clinical trials for acute decompensated heart failure. Bristol-Myers Squibb acquired Cardioxyl in November 2015 for $300 million upfront and up to $1.78 billion in milestone payments.
Summary
Cardioxyl Pharmaceuticals is a Biotech company based in Towson, United States, founded in 2005. It has raised $42.5M in total across 2 rounds, most recently a $14.5M Series A round in Nov 2012. Investors include New Enterprise Associates, The Aurora Funds and Bristol Myers Squibb.
Funding History
Jan 2015
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Funding: Series B. Amounts, valuations, and investors where available.
Investors
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