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Cerenis Therapeutics Gets $53.5M Series B Money

Monday, November 13, 2006 7:00:00 AM PDT | VentureDeal Staff

ANN ARBOR, MI -- Cerenis Therapeutics, an Ann Arbor-based pharmaceutical company developing treatments for cardiovascular and metabolic diseases, announced the closing of a $53.5 million Series B round of financing.

The round was led by TVM Capital and included OrbiMed and previous investors Sofinnova Partners, Healthcap of Sweden, Alta Partners, EDF Ventures and NIF SMBC Ventures of Japan.

Funding proceeds will go towards continued development of the company's offerings in treating atherosclerosis.

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