Fact checked byChristine Klimanskis, ELS

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June 16, 2023
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Invirsa closes $7.7 million Series B financing

Fact checked byChristine Klimanskis, ELS
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Key takeaways:

  • Invirsa secured $7.7 million in financing.
  • The funding will advance development of INV-102 for ocular conditions associated with DNA damage.

Invirsa closed $7.7 million in Series B financing earlier this year, according to a press release.

The financing was led by CincyTech, with Rev1 Ventures, JobsOhio Growth Capital Fund and JumpStart Ventures contributing.

Generic Industry News infographic
Invirsa closed $7.7 million in Series B financing earlier this year, according to a press release.

The funds will be used to advance INV-102, the company’s lead product candidate, an eye drop for the treatment of ocular conditions associated with DNA damage; support phase 2 studies in acute infectious keratoconjunctivitis, dry eye disease and Fuchs’ corneal dystrophy; and prepare for phase 3 studies.

“The recent Series B funding is a significant milestone for Invirsa, which allows us to advance the clinical development of INV-102, a topical eye drop that has completed initial testing in dry eye patients (phases 1 and 2a),” Robert Shalwitz, MD, CEO of Invirsa, said in the release. “Dry eye continues to be an important market with a significant unmet medical need. The recent investment, led by CincyTech with other Ohio life science investment funds, provides strong validation of our vision and approach.”