Coronado Biosciences Closes $25.8M in Series C Financing
Coronado plans to use the proceeds from the financing to advance its pipeline, including CNDO-201 for the treatment of Crohn's Disease and CNDO-109 for the treatment of relapsed Acute Myeloid Leukemia.
Coronado Biosciences, a biopharmaceutical company focused on novel immunotherapy agents for inflammatory diseases and cancer, has closed a $25.8 million Series C financing led by National Securities Corporation.
Coronado plans to use the proceeds from the financing to advance its pipeline, including funding a Phase II study of the company's lead development candidate, CNDO-201 for the treatment of Crohn's Disease and a Phase I/II study of CNDO-109 for the treatment of relapsed Acute Myeloid Leukemia (AML). Each of these drugs is a novel therapy that has achieved clinical proof-of-concept in indications with unmet medical needs. CNDO-201 is also in development for other autoimmune diseases, including ulcerative colitis and multiple sclerosis.
CNDO-201 (Trichu
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