Thursday, May 22, 2008

Miragen Therapeutics: Series A $8M

Miragen Therapeutics, a biopharmaceutical company focused on the discovery and development of therapies for cardiovascular and muscle disease based on microRNA biology has closed an $8M Series A financing co-led by Atlas Venture and Boulder Ventures. The Miragen scientific co-founders include successful academician serial entrepreneurs Eric Olson, Ph.D., Michael Bristow, M.D., Ph.D., and Marvin Caruthers, Ph.D.

This financing should enable the Company to define key microRNA’s, identify clinical indication(s) [perhaps post-myocardial infarction], ramp operations, complete large animal efficacy studies and generate a lead. Critical to the success of Miragen is the capacity to overcome bioavailability challenge of nucleic acid-based therapeutics; the Company may address said issue perhaps by the direct delivery of their miRNA’s to the heart.

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