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Miragen raises $8 million in equity financing

Miragen Therapeutics, a biopharmaceutical company, has completed $8 million equity placement for development of MicroRNA-based therapies.

The series A financing is being co-led by founding investors Atlas Venture and Boulder Ventures, and includes additional investments from private individuals. The funding will be employed to expand Miragen’s initial R&D programs aimed at regulating microRNA for the treatment of heart failure and related diseases.

Bruce Booth, chairman of the board of directors at Miragen, said: “Heart failure remains a significant unmet medical need today, and Miragen’s innovative microRNA-based approach directly targets the key gene regulatory mechanisms underlying the disease. We look forward to contributing to the development of this exciting new class of drug candidates.”