Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=097ff609-be4b-42a5-88e2-9a3d6599637b&Preview=1
Date 2/18/2009
Company Name Kythera Biopharmaceuticals, Inc.
Mailing Address 27200 West Agoura Road Calabasas, CA 91301
Company Description Kythera is focused on science and innovation in aesthetic and restorative dermatology. These markets are expanding rapidly driven by an aging population, increasing discretionary income, and an evolution of patient preference toward restorative and preventative care. The company uses the tools of biotechnology to develop prescription therapeutics for these emerging markets.
Proceeds Purposes This additional investment commitment, combined with our existing cash reserves, increases KYTHERA’s financial strength and enables us to advance the clinical development of KYTHERA’s two clinical stage compounds and pre-clinical pipeline. Additionally, this early exercise of the option is a clear acknowledgement of the promising data recently announced from the Phase 2 trials on our lead product candidate, ATX-101.
