Pharus advised Clear Clinic & Schweiger Dermatology Management Co. LLC on its successful growth capital financing from SV Life Sciences Advisers, LLC.In its role as advisor, Pharus identified and engaged a focused set prospective investors with investment philosophies that complimented the Company’s unique approach and market position, size, capital needs, and desire to maintain control. Multiple competitive term sheets were obtained within 2 months of initiating the process, and the affiliates of SV Life Sciences Advisers LLC completed an equity investment in CCSD less than 90 days later.
Schweiger Dermatology Group is a comprehensive dermatology practice with multiple locations throughout New York and New Jersey. Its innovative Clear Clinics represent unique in-practice and free-standing acne treatment centers.
SV Life Sciences (“SVLS”) is a leading international life sciences venture capital firm. SVLS affiliated funds have been investing in life sciences companies since the early 1980s and the firm closed its first dedicated life sciences fund in 1994. The SVLS team manages five private venture capital funds and has offices in Boston, London and San Francisco.