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Satsuma Pharmaceuticals spins out of SNBL, raises $12.3mm Series A round

Executive Summary

New San Francisco-based company Satsuma Pharmaceuticals Inc. (focused on migraine therapeutics) was recently spun out of Japanese CRO Shin Nippon Biomedical Laboratories Ltd. (SNBL) and concurrently brought in $12.3mm through a Series A round co-led by RA Capital Management and TPG Biotech, which both added members to the new company's board. One other investor joined the round, according to the Form D.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Nasal
Deal Status
  • Final
Deal Type
  • Financing
    • Spin-Off
    • Venture Financing

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