Tempo Therapeutics Closes Oversubscribed $14.5 Million Financing

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โดย Tempo Therapeutics·US·Read original
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Tempo Therapeutics has closed an oversubscribed $14.5 million financing round led by Galaxy Sirius Partners, with participation from Johnson & Johnson through Johnson & Johnson Innovation - JJDC, Inc., Gideon Strategic Partners, Mesa Verde Venture Partners, YK Bioventures and other new and existing investors. The financing follows publication of the company's first-in-human clinical study of its Microporous Annealed Particle (MAP) technology and submission of a De Novo application to the U.S. Food and Drug Administration for its lead product. Proceeds will support the lead surgical reconstruction program through potential regulatory clearance and commercialization, while also generating clinical data to evaluate additional applications of the MAP platform, including aesthetic dermatology. The published randomized, controlled, multicenter study evaluated MAP treatment in 40 patients with full-thickness wounds following Mohs surgery for non-melanoma skin cancer, met its primary safety endpoint with no serious adverse device effects, infections or delayed wound healing, and showed MAP-treated wounds reached a favorable Wound Bed Score approximately 14 days earlier than controls, with significantly improved physician-assessed scar quality at approximately six months. In conjunction with the financing, Eric Richman was appointed Interim Chief Executive Officer and Steven Sands, Co-Principal of Galaxy Sirius Partners, was appointed Chairman of the Board, while Co-Founder Westbrook Weaver, Ph.D., moves from CEO to Chief Technology Officer.

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Biotech & Genomic Medicine▲ · 1 stocks

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Off-coverage companies 5

Tempo TherapeuticsPrivate▲ Positive
Capitalrelevance

Tempo closed an oversubscribed $14.5M financing led by Galaxy Sirius Partners to fund its lead surgical reconstruction program.

Galaxy Sirius PartnersPrivate± Mixed
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Gideon Strategic PartnersPrivate± Mixed
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Mesa Verde Venture PartnersPrivate± Mixed
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YK BioventuresPrivate± Mixed
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