BioCentury
ARTICLE | Finance

BioIntervene takes on adenosine in pain, raises $30M

BioIntervene founder pinpoints an adenosine receptor that may be able to safely treat neuropathic pain

January 7, 2020 1:12 AM UTC
Updated on Feb 26, 2020 at 9:44 PM UTC

With IP from St. Louis University and NIH, BioIntervene raised a $30 million series A round from MPM Capital to bring what could be a first-in-class pain therapy into the clinic.

The company plans to start a Phase I neuropathic pain trial next half of lead candidate BIO-205, an adenosine A3 receptor (ADORA3) agonist. The offering is expected to give BioIntervene enough runway to complete proof-of-concept studies...