Trevi Therapeutics Raises $25M in Series B Financing

Trevi_logoTrevi Therapeutics, Inc., a New Haven, CT-based clinical stage biotechnology company developing Nalbuphine ER for chronic pruritus conditions, raised $25m in Series B financing.

The round was led by TPG Biotech, with $15m funded at first closing.

The company plans to use the funding for the initiation of pivotal trials in two severe itch conditions: uremic pruritus and prurigo nodularis.

Founded in 2011 and led by Jennifer L. Good, President and Chief Executive Officer, Trevi recently released data from its completed Phase 1 trial in which Nalbuphine ER – Nalbuphine ER is an oral extended release opioid – was shown to be well tolerated in patients on hemodialysis with itch and established proof-of-concept in uremic pruritus. The company intends to initiate both pivotal trials in the third quarter of this year, and expects to have top-line results in the second half of 2015.

FinSMEs

04/06/2014

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