LumiThera completes Series C funding tranche

LumiThera has completed the second tranche of its Series C funding round to support clinical testing and commercialization of the Valeda light delivery system in dry age-related macular degeneration, according to a press release.
The funding round was led by WaterStar Capital.
“We are pleased with the investor interest in the company and have raised over $10 million in the current C round,” Clark Tedford, PhD, president and CEO of LumiThera, said in the release. “The capital raised will allow us to execute on our European and U.S. multicenter clinical trials.”

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