Tech Company Financing Transactions

Azelon Pharmaceuticals Funding Round

Azelon Pharmaceuticals closed a $42.5 million Series B funding round on 5/18/2005. Investors included Alta Partners, Frazier Healthcare Partners and Prospect Venture Partners.

Transaction Overview

Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
Our Series B financing provides us with sufficient capital to achieve several key corporate milestones. We anticipate that our current resources will enable us to complete Phase II clinical trials for both our lead osteoporosis candidate, Ostabolin-C(TM), and our second PTH analogue program, for the topical treatment of psoriasis as well as to advance our remaining two programs into the clinic

Company Information

Company Status
Out of Business
Mailing Address
200 Barr Harbor Dr. 400
West Conshohocken, PA 19428
Email Address
The lead program for the Company, a next-generation PTH analogue (Ostabolin-C(TM) s.c. injection) for the treatment of osteoporosis, recently began a Phase II clinical trial. Approximately 250 patients will receive daily injections of one of four doses of Ostabolin-C(TM) or placebo for four months in 25 centers located in the US and Canada.
Azelon Pharmaceuticals LinkedIn Company Profile
Social Media
Azelon Pharmaceuticals Company Twitter Account
Company News
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Azelon Pharmaceuticals on Facebook
Azelon Pharmaceuticals on YouTube

Management Team

Email & Social
Chief Executive Officer
Joan Lau
  Joan Lau LinkedIn Profile  Joan Lau Twitter Account  Joan Lau News  Joan Lau on Facebook



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Prev: 5/18/2005: Netuitive venture capital transaction
Next: 5/18/2005: Wright Medical venture capital transaction


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