Taris Biomedical Raises $18.3M for Bladder Drug Delivery
The investment will advance the company's lead product candidate, Lidocaine Releasing Intravesical System (LiRIS), into later stage clinical development.
Lexington-based drug-delivery company Taris Biomedical has raised $18.3 million in Series B financing. The company develops targeted therapies using drug delivery to treat bladder diseases. New investor Third Rock Ventures led the round, along with previous investors Flagship Ventures, Flybridge Capital Partners and Polaris Venture Partners.
CEO Sarma Duddu said, "This investment will allow us to advance our lead product candidate, Lidocaine Releasing Intravesical System (LiRIS), into later stage clinical development for the treatment of multiple bladder disorders, and to continue to build the rest of our pipeline of novel therapeutics, leveraging common, minimally invasive urological procedures."
Taris was born in the labs
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