BOSTON – Mintz represented CXL Ophthalmics (CXLO), a clinical-stage company developing a minimally-invasive treatment for keratoconus, in a $32 million Series A round of fundraising.
The fundraising was led by AXA IM Alts through its Global Health Private Equity strategy, and also included additional investors. The funds will support the advancement of CXLO’s transformative cross-linking system, EpiSmart®, through Phase 3 trials on the way to a New Drug Application with FDA.
“EpiSmart has the potential to be a game-changer for the treatment of keratoconus. With a true epithelium-preserving (Epi-On) approach, CXLO is striving to deliver safer and more accessible care globally to the millions of patients at risk of vision loss. The funding announcement is an important step in achieving this goal,” said Michael D. Webb, President and Chief Executive Officer of CXLO.
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