Renibus Therapeutics, a Southlake-based clinical-stage biotech company developing medicines for chronic kidney disease and injuries, has closed a $35...
Renibus Therapeutics has three drugs in its pipeline, including one undergoing clinical trials in cardiac surgeries.Renibus Therapeutics, a Southlake-based clinical-stage biotech company developing medicines for chronic kidney disease and injuries, has closed a $35 million investment round and named a new chief executive.
Taking the reins from co-founder and former CEO Al Guillem is industry veteran Frank Stonebanks, who has spent 25 years in health care and venture capital roles. “Renibus has arrived at a critical inflection point in its commitment to transform the prevention and treatment of kidney diseases, and I see enormous potential in each of the programs,” Stonebanks said. “The closing of our $35 million capital raise will accelerate our momentum across the clinical portfolio.”The company’s funding round includes a $15 million extension led by family offices specializing in biotech investments.
Guillem’s 40 years of experience cover some of North Texas’ biggest pharmaceutical wins. He was part of a team at Adams Respiratory Therapeutics that created Mucinex. Adams was sold to Reckitt Benckiser
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