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Corridor Pharmaceuticals

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Small molecule arginase inhibitors for cancer treatment

Towson, United StatesFounded 2007Biotechnology
Valuation $50–100M Last recorded · 2010
Total funding $10–50M Disclosed equity funding
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About Corridor Pharmaceuticals

Corridor Pharmaceuticals, Inc., founded in 2007 by Gary Lessing and David Christianson, was a biopharmaceutical company focused on developing novel treatments for pulmonary and vascular disorders. The company, formerly known as Argentix, specialized in the creation of small molecule inhibitors targeting arginase, an enzyme involved in conditions like cancer and idiopathic pulmonary fibrosis.

The company's primary strategy revolved around the therapeutic potential of arginase inhibitors to counteract endothelial dysfunction, inflammation, and fibrosis. One of its product candidates, C-201, was a small molecule arginase inhibitor designed to increase nitric oxide production in human pulmonary artery endothelial cells. The company also had ties to the University of Pennsylvania, from which it licensed intellectual property. Corridor Pharmaceuticals was backed by investors including Osage University Partners, MedImmune Ventures, and Quaker Bio Ventures.

In a significant milestone, Corridor Pharmaceuticals was acquired by AstraZeneca in June 2014 and now operates as a subsidiary of the global pharmaceutical giant. Prior to the acquisition, the company had secured funding through at least one SBIR Phase I award from the NIH for $365,333 in 2010.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2007
Headquarters
Towson, United States
Open positions
None listed
Dealroom signal
48.0/100
Sector
Biotechnology
Client focus
b2b, b2c
Investment activity
1 company, latest Jun 2010
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Jan 2013 $1.6M — Undisclosed —
SERIES A✓Equity / VC Jun 2010 $13M $52M Quaker Bio Ventures · Maryland Health Care Product Development · MedImmune Ventures · Red Abbey Venture Partners —
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Growth signals

Corridor Pharmaceuticals website traffic

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Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Quaker Bio Ventures
  • MedImmune Ventures
  • Red Abbey Venture Partners
  • Acidophil

Series A4 investors entered at this stage

  • Quaker Partners
  • Osage University Partners
  • Maryland Health Care Product Development
  • NewSpring Capital
Team profiled 2 named & role-tagged
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Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Towson HQ
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Market sentiment

Posts on X, past 7 days

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