Article: Rib-X Brings In $50M Through Series C For Antibiotic Pipeline.

Staff Writer

Rib-X Pharmaceuticals Inc. raised $50 million in its Series C round to fund development of its two clinical-stage antibiotics, including the first program to emerge from its drug discovery engine.

Money will be used to advance the company's Rx-01 program, which is in Phase I testing as both an oral and intravenous agent for hospital-acquired, Gram-positive infections. Rib-X also plans to begin its own clinical testing of WQ-3034, a Phase II-stage broad-spectrum quinolone antibiotic licensed earlier this month from Osaka, Japan-based Wakunaga Pharmaceutical Co. Ltd., said Susan Froshauer, president and CEO of New Haven, Conn.-based Rib-X.

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