How Much Did Resverlogix Raise?
Funding & Key Investors

Resverlogix, a prominent player in the late-stage clinical biotechnology sector, has successfully secured a total funding amount of $264M to advance its pipeline of novel therapeutics. This capital trajectory, bolstered by a recent funding amount of $6M, underscores the market confidence in the company's proprietary research and development efforts. By consistently attracting institutional backing, Resverlogix has maintained the necessary liquidity to navigate the rigorous demands of late-stage clinical development and regulatory milestones.

The company's history of financing reflects a deliberate strategy to support its core asset, apabetalone, through complex Phase III clinical trials. This sustained investment flow highlights the high-stakes nature of developing small molecule selective bromodomain and extra-terminal inhibitors, positioning the firm as a critical entity in the pursuit of treatments for cardiovascular, renal, and neurodegenerative conditions.

What is Resverlogix?

Resverlogix
Business ServicesResearch & Development

Headquartered in Calgary, Alberta, Resverlogix is a specialized biotechnology firm focused on the development of apabetalone (RVX-208). As a pioneer in epigenetic research, the company targets the bromodomain and extra-terminal (BET) protein family to address significant unmet medical needs. Its clinical portfolio is expansive, targeting chronic kidney disease, cardiovascular complications, and various orphan diseases, as well as diabetes mellitus. By leveraging its unique mechanism of action, Resverlogix aims to redefine the standard of care for patients suffering from systemic inflammatory conditions, effectively bridging the gap between laboratory discovery and commercial-grade therapeutic application.

How much funding has Resverlogix raised?

Resverlogix has raised a total of $264M across 13 funding rounds:

2011

Unspecified

$1.8M

2014

Share Placement

$1.7M

Debt

$30M

2015

Share Placement

$36.6M

2017

Share Placement

$10M

Share Placement

$87M

2018

Debt

$30M

Share Placement

$10.3M

2019

Multiple Rounds

$32.2M

2021

Debt

$6M

Unspecified (2011): $1.8M, investors not publicly disclosed

Share Placement (2014): $1.7M supported by NGN BioMed Opportunity II, L.P.

Debt (2014): $30M featuring Citibank

Share Placement (2015): $36.6M backed by Shenzhen Hepalink Pharmaceutical Co., Ltd. and Eastern Capital Limited

Share Placement (2017): $10M with participation from Shenzhen Hepalink Pharmaceutical Co., Ltd and Eastern Capital Limited

Share Placement (2017): $87M led by Shenzhen Hepalink Pharmaceutical Co. Ltd.

Debt (2018): $30M supported by Third Eye Capital

Share Placement (2018): $10.3M, investors not publicly disclosed

Share Placement (2019): $5M backed by Shenzhen Hepalink Pharmaceutical Co. Ltd.

Stock Issuance/Offering (2019): $15.2M, investors not publicly disclosed

Debt (2019): $12M, investors not publicly disclosed

Debt (2021): $6M supported by Shenzhen Hepalink Pharmaceutical Group Co.

Key Investors in Resverlogix

Shenzhen Hepalink Pharmaceutical Co. Ltd.

A leading global pharmaceutical company specializing in the research, development, and manufacturing of heparin-based products and complex injectable drugs.

Citibank

Citigroup is a global financial services institution providing a broad range of banking and financial solutions to individuals, corporations, governments, financial institutions, and other organizations worldwide.

Yorkville Advisors

An investment firm focused on providing flexible capital solutions to small and mid-cap companies, often through structured equity and debt instruments.

What's next for Resverlogix?

Looking ahead, the strategic deployment of the recent $6M will be pivotal for Resverlogix as it approaches critical data readouts and potential regulatory submissions. The company is expected to prioritize the completion of its ongoing Phase III trials, ensuring that the clinical efficacy of apabetalone is robustly demonstrated to both the scientific community and potential commercial partners. Furthermore, the firm will likely focus on optimizing its capital structure to sustain long-term operations, potentially exploring strategic alliances or licensing agreements to maximize the market reach of its therapeutic candidates. As the biotech landscape continues to evolve, Resverlogix remains well-positioned to leverage its intellectual property to address complex, multi-system diseases, thereby creating significant value for stakeholders and patients alike.

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Frequently Asked Questions Regarding Resverlogix Financial Insights

What are the most recent funding rounds that Resverlogix has completed, and what were the funding rounds?
Resverlogix has recently completed 3 funding rounds: Debt on May 5, 2021, Debt on Sep 27, 2019, Stock Offering on Jun 7, 2019.
What is the total amount of funding Resverlogix has raised to date?
Resverlogix has raised a total of $264M in funding to date.
How many funding rounds has Resverlogix completed?
Resverlogix has completed 3 funding rounds.
How much funding did Resverlogix raise in its most recent funding round?
Resverlogix raised $6M in its most recent funding round.
Who are the lead investors in Resverlogix's latest funding round?
The lead investor in Resverlogix's latest funding round was Shenzhen Hepalink Pharmaceutical Group Co.. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Resverlogix's history?
The largest funding round in Resverlogix's history was $87M.
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