Claris Bio Rakes in $57 Million Funding!

Jersey City-based Claris Bio has just hit a jackpot in funding, securing a whopping $57 million in its latest investment round.

The backing comes from heavy hitters like Novo Holdings A/S, RA Capital Mass General Brigham Ventures, and the ever-discerning Janus Henderson Investors, signifying a resounding vote of confidence in the late-clinical stage biotech firm.

Led by the visionary CEO, Clarke Atwell, Claris Bio is set on rewriting the narrative of corneal healing. Imagine a future where the intricacies of eye diseases, particularly neurotrophic keratopathy (NK), could be addressed with a groundbreaking solution. Well, that’s precisely what Claris Bio is working on, and they’re doing it with style.

Founded in 2020, the company’s star player is CSB-001 Ophthalmic Solution 0.1% (oremepermin-α). This is not your run-of-the-mill eye drop – it’s a topical ocular biologic solution armed with a recombinant human variant hepatocyte growth factor (dHGF).

Translation: it has the potential to be a game-changer in restoring both the structural and functional integrity of the cornea.

What makes oremepermin-α so exciting?

It’s epitheliotropic, neurotrophic, anti-inflammatory, and anti-fibrotic.

In simpler terms, it’s a multi-tool in combating various issues that afflict the cornea. Claris Bio is not just offering a solution; they’re presenting a comprehensive approach to treating unmet needs in corneal diseases.

So, where does the $57 million come into play?

It’s not just money; it’s a catalyst for Claris Bio’s grand plans.

The funds will be the driving force behind expanding operations and intensifying development efforts.

Picture state-of-the-art labs buzzing with activity, scientists collaborating on the next breakthrough, and the entire team fueled by the promise of making a real impact.

CEO Clarke Atwell envisions a future where their lead program completes its late-stage multi-center trial, revealing its potential in a randomized, double-masked, vehicle-controlled, parallel-group study.

The anticipation is palpable, with a data readout expected in the first half of 2024.

But behind every great leader is an exceptional team.

In addition to Atwell, Claris Bio boasts a formidable lineup. Chief Medical Officer Susan Orr, OD, and Chief Business Officer Henry Rath bring their expertise to the table, ensuring a well-rounded and strategic approach.

The scientific brainpower includes luminaries like Dr. Reza Dana, MD, MSc, MPH, and Dr. Sunil Chauhan, DVM, PhD, both from the Massachusetts Eye and Ear and the Harvard Medical School Department of Ophthalmology.

In essence, Claris Bio’s funding is not just a financial injection; it’s a catalyst for progress.

It’s a vote for innovation, a bet on cutting-edge solutions, and a belief in rewriting the script of corneal healing.

As the funds flow in, so does the promise of a future where diseases of the cornea might find their match in CSB-001 Ophthalmic Solution 0.1% (oremepermin-α).

Claris Bio isn’t just healing corneas; they’re pioneering a new era in ophthalmic solutions. Exciting times indeed.

ALSO READ: Moonwalk Biosciences Wraps Up $57M in Seed and Series A Funding

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