Friday, January 12, 2007 6:00:00 AM PDT | VentureDeal Staff
PALO ALTO, CA -- InteKrin
Therapeutics announced the receipt of $23 million in new financing to fund
continued development of its Type II diabetes treatment INT131.
The round was led by Sofinnova Ventures and included Orbimed Advisors, Vivo
Ventures, Asset Management and Sears Capital Management.
InteKrin was founded in 2005 to develop treatments for diabetes, obesity and
metabolic disorders by in-licensing high potential critical stage products from
large biotech and pharmaceutical companies. The company then adds value
by carrying them through critical clinical stages.
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