Jon Congleton, Mineralys

Min­eralys emerges with a new take on an old idea for the treat­ment of hy­per­ten­sion and $40M to play with

Al­dos­terone, a hor­mone linked to in­creased blood pres­sure, has long been a tar­get of in­ter­est for the treat­ment of hy­per­ten­sion, but se­lec­tiv­i­ty has been a chal­lenge. Now a new com­pa­ny has emerged from stealth to im­prove where oth­ers have failed.

Min­eralys Ther­a­peu­tics un­cloaked ear­ly Mon­day morn­ing with $40 mil­lion in Se­ries A funds to prep their lead can­di­date —  a se­lec­tive al­dos­terone syn­thase in­hibitor li­censed from Japan’s Mit­subishi Tan­abe — for a piv­otal study. The com­pa­ny was launched by Catalys Pa­cif­ic, the VC firm founder BT Slings­by put to­geth­er to cre­ate new biotechs around Japan­ese in­no­va­tion.

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