Spinifex Pharmaceuticals
AcquiredMelbourne, Australia · Founded 2005 · $66.5M raised
- Headquarters
- Melbourne
- Founded
- 2005
- Business Model
- B2B
- Total Funding
- $66.5M
- Last Round
- $45.0M Series CApr 2014
- Rounds
- 3
- Acquired by
- Novartis AGJun 2015
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Spinifex Pharmaceuticals was a development-stage biopharmaceutical company founded in 2005 out of the University of Queensland, developing non-opioid treatments for chronic neuropathic pain. Its lead candidate, EMA401, was an oral angiotensin II type 2 receptor antagonist designed to block pain signals without central nervous system side effects. Novartis acquired the company in 2015 for roughly US$200 million upfront plus milestone payments, one of the largest venture-backed biotech exits in Australian history.
Summary
Spinifex Pharmaceuticals is a Biotech company based in Melbourne, Australia, founded in 2005. It has raised $66.5M in total across 3 rounds, most recently a $45.0M Series C round in Apr 2014. Investors include Novo Holdings A/S, Uniseed and Brandon Capital Partners.
Funding History
Jun 2015
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Funding: Series A through Series C. Amounts, valuations, and investors where available.
Investors
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