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Renalys Raises $38.5 Million to Advance IbA Drug in Japan

publication date: Jul 23, 2024

okyo’s Renalys Pharma raised $38.5 million in a Series A round to develop its lead drug, sparsentan, as a treatment for IbA nephropathy in Japan. The company plans to use the funds to complete a Japanese Phase III trial of sparsentan. The A round was led by Catalys Pacific and SR One. In January, Renalys acquired rights to sparsentan, a dual endothelin angiotensin receptor antagonist, from San Diego’s Travere Therapeutics in a $120 million deal with rights for Japan and other countries in Asia. Travere also received a minority stake in Renalys. More detail....

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