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§ Private Profile · La Jolla, CA, USA
Biotech company developing vanoxerine, a drug candidate for atrial fibrillation and atrial flutter, advanced to Phase III.
Laguna Pharmaceuticals, based in La Jolla, CA, was a biotechnology company focused on developing novel cardiovascular therapeutics, specifically advancing vanoxerine, a drug candidate for treating atrial fibrillation and atrial flutter. The company acquired and further developed this asset, which originated from ChanRx, into Phase III clinical trials. In 2015, Laguna Pharmaceuticals successfully completed a $30 million Series B financing round, attracting investments from prominent firms such as Versant Ventures, Frazier Healthcare, BioMed Ventures, and Sante Ventures. During this period, Bob Baltera was appointed as CEO to lead the company's clinical development efforts. Despite these advancements, Laguna Pharmaceuticals ceased operations in 2016 after safety issues emerged during its Phase III trial, leading to the termination of all 8 staff members. The organization was effectively revamped from ChanRx in approximately 2015, a company originally founded by Arthur "Buzz" Brown.
Laguna Pharmaceuticals has raised $30.3M across 2 funding rounds.
Laguna Pharmaceuticals has raised $30.3M in total across 2 funding rounds.
Laguna Pharmaceuticals is not a technology company; it is a biopharmaceutical firm (historically focused on small‑molecule cardiovascular drugs) and there is also a separately named startup “Laguna Bio” (or Laguna Biosciences) that is a living‑therapy / immuno‑oncology company — the two are distinct organizations with different missions and histories.[2][4][1][3]
High‑Level Overview
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Laguna Pharmaceuticals has raised $30.3M in total across 2 funding rounds.
Laguna Pharmaceuticals's investors include Frazier Healthcare Partners, Versant Ventures, Bessemer Venture Partners, Third Rock Ventures, BioMed Ventures, Sante Ventures, Kevin Mendelsohn.
Laguna Pharmaceuticals has raised $30.3M across 2 funding rounds. Most recently, it raised $30.0M Series B in February 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2015 | $30M Series B | Frazier Healthcare Partners, Versant Ventures | Bessemer Venture Partners, Third Rock Ventures, Biomed Ventures, Sante Ventures | Announced |
| Aug 5, 2010 | $250K Venture Round | Kevin Mendelsohn | — | Announced |