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Financings Roundup

Radius Health Gets $43M to Push Osteo Injection, Patch

By Randy Osborne
Staff Writer

Thursday, April 25, 2013
financings_resized.jpg

Radius Health Inc.'s new equity cash of $43 million will go toward further work with its anabolic bone builder BA058, in Phase III trials as an injectable therapy and Phase II as a "short-wear" patch.

Cash on hand with the latest financing "should take us neatly through the patch data [due in September], and then we'll make a decision on what the next steps are," said Michael Wyzga, president and CEO of Cambridge, Mass.-based Radius. Phase III data with the subcutaneous version will be available "on the back half of 2014," he said.

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