Organization: Fonds de solidarite FTQ

Thrasos raises $35 million for kidney drug development

Privately held Thrasos Therapeutics has raised $35 million in financing from a consortium of investors to take THR-184 — its lead compound for the treatment of acute kidney injury — through to Phase II clinical proof of concept. Investors in the Montreal-based firm are: SR One, GSK Life Sciences Innovation Fund, SW Co, Advanced Technology…

Milestone received $13 million in equity financing

Montreal’s Milestone Pharmaceuticals Inc has completed a $13-million equity financing to further development of its flagship compound (MSP-2017) for the treatment of a cardiac arrhythmia called paroxysmal supraventricular tachycardia (PSVT). The financing was provided by Pappas Ventures, the BDC Health Venture Fund, GO Capital, Fonds de solidarite FTQ, and previous investors iNovia Healthcare and Fonds…