ResQ Pharma, Inc., a biopharmaceutical company focused on commercializing LipidRescue™ Therapy (LRT), which is a treatment for various drug overdoses and poisonings, announces the completion of a second seed-round of equity financing of $725,000.00. This financing brings their total seed financing to $1,050,000.00. The company is scheduled to meet the U.S. Food & Drug Administration (FDA) on September 29th 2016 regarding an application for LRT as a treatment for local anesthetic systemic toxicity (LAST). The company also filed for Orphan Drug Designation applications in both the US and European Union.

According to the Center for Disease Control and Prevention (CDC) 47,055 people died in 2014 from drug overdoses in the US. ResQ Pharma is excited about the opportunity it has to attain regulatory market approval for LRT and better address the situation by commercializing a potentially life-saving therapy.

About LipidRescueTM Therapy (LRT)

ResQ Pharma's lead product candidate is LRT, which refers to the administration of a lipid emulsion with the intent of reducing the life-threatening clinical manifestations of toxicity from excessive doses of certain lipophilic drugs. It is already the opinion of the American Heart Association and American College of Medical Toxicology that where there is serious hemodynamic instability from local anesthetic drugs with high lipid solubility, LRT is a reasonable consideration for therapy, even if patient is not in cardiac arrest.

About ResQ Pharma

ResQ Pharma, Inc., is a biopharmaceutical company created to ensure reliable, global use of LRT, a treatment for various lipophilic drug overdoses and poisonings. For more information on ResQ Pharma, please visit www.LipidRescue.com. We are members of iBIO's PROPEL, EnterpriseWorks Chicago, Chicago Founders Circle, The BUNKER and MATTER/CIMs! We are also a Qualified New Business Venture for the Illinois Investment Tax Credit Program. DLA Piper, LLP provided legal counsel for the financing.