Orasis Raises $13 Million in Series B Financing

June 8, 2018: By Jon Swedien

Orasis Pharmaceuticals raised $13 million in a Series B financing, the Israeli company announced June 5.

The proceeds will be used to complete a Phase IIb clinical trial for Orasis’ lead product candidate, CSF-1, an eye drop designed to treat presbyopia symptoms.

The financing also will go toward preparation for a Phase III trial and launch of CSF-1.

Ophthalmology-focused venture capital fund Visionary Ventures led the round, along with SBI Innovation Ventures and other firms.

Jeffry Weinhuff, managing partner of Visionary Ventures, and Masafuyu Tanaka, president of SBI Innovation Ventures, will join the Orasis board in conjunction with the financing, Orasis said.

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