"We are very pleased to have received such strong support from our
investors and to add Essex Woodlands to this premier group," said
In conjunction with the financing,
"Catalyst's protease therapeutics platform has the potential to deliver a new class of biologics addressing numerous diseases. The company has made excellent progress in the establishment of their discovery capabilities and the progress of their pipeline," said Dr. Himawan on behalf of the Board. "I am excited to join Catalyst's Board of Directors and to work closely with this talented team on the advancement of the company's promising portfolio of protease therapeutics."
About Catalyst Biosciences
Catalyst Biosciences is developing the next generation of biopharmaceuticals by harnessing the catalytic power of engineered proteases to target proteins underlying disease. Catalyst's discovery platform rapidly creates and optimizes tailor-made protease drug candidates that cleave a wide variety of disease targets, either by improving existing protease drugs or by creating new protease drugs, known as Alterase(TM) therapeutics. Initially, Catalyst is focusing its product development efforts on drug candidates for hemophilia, age-related macular degeneration, oncology and inflammation. To date, Catalyst has established two discovery research and product development agreements with Wyeth Pharmaceuticals and Centocor Research & Development, Inc. Catalyst is privately-held with backing by leading venture firms including Burrill & Company, Essex Woodlands Health Ventures, HealthCare Ventures, Johnson & Johnson Development Corporation, Morgenthaler Ventures, Novartis BioVentures, RCT BioVentures and Sofinnova Ventures. For more information, please visit http://www.catbio.com.
Catalyst Biosciences, Inc. Erik Wiberg Chief Financial Officer +1.650.266.8654 firstname.lastname@example.org BCC Partners for Catalyst Biosciences, Inc. Karen L. Bergman or Michelle Corral +1.650.575.1509 or +1.415.794.8662
SOURCE Catalyst Biosciences, Inc.