CŪRZA ANNOUNCES $5.25 MILLION INVESTMENT FROM THE NOVO HOLDINGS REPAIR IMPACT FUND
SALT LAKE CITY, Utah, July 25, 2019 /PRNewswire/ —Cūrza, a privately-held small-molecule drug development company focused on the discovery and development of novel therapeutics to address the high unmet need of multi-drug resistant bacterial infections, announced today that it has received a $5,250,000 investment from the REPAIR Impact Fund and the proceeds will be used to advance the company's novel CZ-02 program, which targets multi-drug resistant (MDR) gram-negative infections.
"Cūrza is very excited to be working with Novo Holdings. Both companies have a strong commitment to bringing new antibiotics to the market to combat the growing threat of drug-resistant bacteria. Novo's commitment to Cūrza allows the company to accelerate the development of a much needed novel class of antibiotics," said Ryan Davies, Curza's Chief Executive Officer.
Aleks Engel, Director of the REPAIR Impact Fund, commented, "We are very pleased to be able to support Cūrza's efforts to advance truly novel science, which we believe will become critical new medicines in this area of high unmet need."
Antibiotic-resistant superbugs pose a threat to global healthcare, with Gram-negative bacterial infections recognized as one of the most serious threats. This partnership will help Cūrza to accelerate the development of it's new class of Gram-negative antibiotics, targeting the most difficult to kill drug-resistant bacteria. With increasing resistance to frontline therapies, there is a critical need for developing new antibiotics. Despite this necessity, very few therapies exist in the development pipeline of the pharmaceutical industry. Cūrza and REPAIR's efforts will therefore address a critical unmet medical need.
About Cūrza—Cūrza, a University of Utah spinout, is a drug development company focused on developing novel therapeutics to combat antibiotic resistant bacteria. Cūrza's lead program is designed to kill bacteria with known resistance to other ribosomal antibiotics by binding to a clinically un-drugged and highly conserved site on the bacterial ribosome. These new antibiotics' unique mechanism of action allows maximum penetration of bacterial cells leading to potent activity against drug-resistant ESKAPE pathogens. Headquartered in Salt Lake City, UT with offices in Cambridge, MA, Cūrza is privately held and is backed by several private investors.