Coda Biotherapeutics: Raises $28M in Financing

Coda Biotherapeutics Raises $28M in Financing

  • Coda Biotherapeutics, a San Francisco CA-based preclinical-stage biopharmaceutical company, raised $28M in funding
  • The round was led by Pacira BioSciences, Inc. with participation from MPM Capital, Versant Ventures and Silicon Valley Bank (SVB)
  • As part of the financing, David Stack, chairman and CEO of Pacira Biosciences, has joined CODA’s board of directors
  • The company intends to use the funds to expand operations and its business reach
  • Coda is a preclinical-stage biopharmaceutical company that leverages a gene therapy approach to deploy a chemogenetic strategy for treating neurological disorders
  • Coda expects this treatment will produce substantially improved and durable results while potentially avoiding off-target/adverse effects of currently available treatments

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