MALVERN, PA – October 14, 2015 – Galera Therapeutics, Inc., a clinical-stage biotech developing new treatments for cancer patients, announced today it has completed a $37 million Series B financing. The proceeds of the financing will be used to advance the development of Galera’s selective dismutase mimetics, including progressing lead candidate GC4419 into a Phase 2b double-blind, randomized clinical trial for the prevention of oral mucositis (OM) in head and neck cancer patients receiving chemoradiation therapy. The Series B financing was led by Novo Ventures, with participation from existing investors New Enterprise Associates, Novartis Venture Fund (NVF), Correlation Ventures and Galera Angels. Dr. Thomas Dyrberg, Managing Partner of Novo Ventures, will join the Galera Board of Directors.
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