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Australian company, PolyActiva Pty. Ltd, raises $9.2M to support development of biodegradable drug delivery technologies for ophthalmic and other indications

PolyActiva Pty. Ltd, a private “delivery from device” company, based in Melbourne, Australia, has announced the receipt of $9.2M in a Series B investment round. The funds are expected to support the completion of clinical proof-of-concept testing for the company’s drug polymer conjugate programmes. The company’s technology platform is built on enabling site-specific drug delivery from medical device components, such as implants, films or fibres.