Thursday, April 14, 2011
Conatus Pharmaceuticals Adds $7.5M
San Diego-based Conatus Pharmaceuticals, a biopharmaceuticals firm working on treatments for hepatitis C, said this week that it has closed on an additional $7.5M in its Series B funding round. The round came from MPM Capital. The new funding brings the total raised in the round to $32.5M. As part of the funding, MPM's Jim Scopa joins the company's board. The firm said the funds will go toward clinical development of its CTS-1027 drug candidate.
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