Celladon Raises $400K

7/14/11Follow @bvbigelow

San Diego-based Celladon, which is developing drug candidates that target a key enzyme deficiency apparent in heart failure, has secured $400,000 in a debt and securities financing, according to a recent regulatory filing. In late June, Celladon said a clinical study of its lead candidate, which is intended to restore a key enzyme that regulates calcium cycling and contractility in the heart, met its primary safety and efficacy endpoints at six months. The company has raised more than $60 million, according to Dow Jones VentureWire. On its website, Celladon identifies its current investors as as Enterprise Partners Venture Capital, Venrock, and Johnson & Johnson.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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