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Ocular Therapeutix eyes a $24M Series D extension | Wall Street Beat

Mon, 01/28/2013 - 3:32pm
Mass Device

Ocular Therapeutix raises another $24 million for its punctum plugs to treat eye diseases such as glaucoma.

MassDevice.com Wall Street Beat

Ocular Therapeutix said it closed a $23.8 million Series D extension round from existing backers for its sustained drug release technology to treat eye diseases.

The Bedford, Mass.-based medical device company said all of its current institutional investors ponied up for the round, including Polaris Ventures, Versant Ventures, SV Life Sciences, Sparta LLC, and Ascension Health Ventures.

Ocular Therapeutix is developing a punctum plug for the entry of the tear duct to release drug therapy to the surface of the eye over several months.

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