Accuitis, Inc. Accuitis, Inc. Completes Latest Financing Round, Elects Geoffrey Meacham PhD to Board of Directors
Accuitis, Inc. today announced the closing of a $1 million Preferred financing round, according to a Business Wire press release.
The financing was a private placement with a significant investment from the recently formed Atlanta based, Bio/Med Investor Network. The Georgia Research Alliance, through its GRA Ventures program, has also granted a Phase IIIA loan. Accuitis expects to use proceeds from this financing to fund continued development of Accuitis’s first in class topical proteasome inhibitor (ACU-D1) for the treatment of Rosacea into Phase 1-2 clinical trials in 2016.
Accuitis has also elected Geoff Meacham, PhD to the Board of Directors. Dr. Meacham is managing director and senior research analyst covering the biopharmaceutical industry at Barclays. Previously, Meacham was with J.P.Morgan as a senior biotechnology analyst, and was an equity analyst at UBS, following early-stage biotech and life science companies.