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Enanta Pharmaceuticals

Company raises $20M, begins phase I trial on antibiotic EP-013420

Published in Biotech Law Weekly, October 1st, 2004

Enanta Pharmaceuticals announced that it has raised $20 million in new financing.

The company has also initiated a phase I clinical trial in the United States for its community antibiotic candidate, EP-013420.

Participants in the financing included Shionogi & Co., LTD., and returning investors Techno Venture Management, Oxford Bioscience Partners, BioVentures Investors, and Global Biomedical Partners. The funding will be used to advance EP-013420 in the clinic and to progress the company's discovery-stage anti-infective programs.

First in its class, EP-013420 is a bridged bicyclic ketolide that was designed by Enanta to have...

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