On January 27, 2022, Enable Injections, Inc., a company developing and manufacturing the enFuse platform of investigational wearable drug delivery systems, announced $215 million in Series C funding. Magnetar Capital led financing as well as new institutional investments from GCM Grosvenor, Squarepoint Capital, Woody Creek Capital Partners and other investors. Enable has received significant ongoing support from existing investors including Cincinnati Children’s Hospital Medical Center, CincyTech, Cintrifuse and the Ohio Innovation Fund. Wilson Sonsini Goodrich & Rosati advised Enable Injections on the transaction.
enFuse from Enable Injections is an innovative drug delivery technology designed to deliver large volumes of up to 50ml subcutaneously for a wide range of therapies and diseases, and to provide patients and providers with a safe, convenient and economical alternative to IV administration. With improved flexibility for patients and providers, enFuse is designed to enable increased efficiency for healthcare providers, minimize patient exposure in the clinic, and reduce healthcare costs, with the aim to benefit patients and healthcare providers worldwide. According to Mike Hooven, President and CEO of Enable Injections, Magnetar’s funding will help enFuse continue to redefine intravenous drug delivery by significantly increasing the company’s development and commercialization efforts. This will help Enable reach even more patients who depend on intravenous medications.
The Wilson Sonsini team that advised Enable Injections on the transaction includes Elton Satusky, Andy Hirsch, Erik Franks, Jesse Schumaker, Alex Weber, Victor MacDiarmid and Jason Koo.
For more information, please see Enable’s press release.