Arrivo BioVentures Inks $49M

Arrivo was founded by Steve Butts, Bill Worford, Dr. Michael Ackermann, Dr. Jed Black, located in North Carolina’s Research Triangle Park region. Oh, Mr. Butts, Mr. Wofford was a member of the management team that led successful investor exits from the privately owned start-up biopharmaceutical company Aerial BioPharma LLC, Neuronex Inc. Addrenex Pharmaceuticals, Inc. Dr. Dr. Black, therapeutic sleeping area at Jazz Pharmaceuticals will serve as scientific advisor to Arrivo

Arrivo plans to use the funds to develop four to six new drug candidates over the next few years. In line with previous management teams, Arrivo’s team will be recruiting and developing candidates in or ready for the early stages of human clinical trials and moving the projects through clinical proof-of-concept and the next major valuation inflection point.

‘We’re excited about the next evolution of our business model,’ Butts said. ‘We will continue to look for development programs to improve patient care and provide opportunities to minimize clinical development and regulatory risks. However, our new model with more drug candidates will give our investors greater diversification and, ultimately, even greater opportunities for development success. ”

Jazz Pharmaceuticals is the leading financial investor with Solas BioVentures Fund I, L. P: P Rex Health Ventures and private investors are also participating Over the next five years, committed capital will be used to fund development projects as identified, licensed and initiated by Arrivo.

‘We are very pleased to continue our long-standing relationship with this outstanding management team,’ said Dr. David Adair, Solas BioVentures Managing Partner ‘The Arrivo Operations Team has demonstrated a track record of advancement of valuable new treatments for patients through the drug development process. ”

As with previous companies, Arrivo’s strategy is to leverage the team’s clinical expertise and knowledge of the drug development process. Previous companies have replicated a successful process based on the identification of drug candidates with high probability of success and clear development and regulatory pathways for approval.

About the BioVentures Arrivo, LLC

Arrivo BioVentures, LLC is a privately held biopharmaceutical development company focused on the identification of biologics and small molecules to improve patient care. Arrivo is located in Morrisville, N. Uh, C , at the edge of the Research Triangle Park. Visit www for more information. Arrivals Come on,

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