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Paratek Raises New Financing Of $22 Million

Friday, October 26, 2007 5:00:00 AM PDT | VentureDeal Staff

BOSTON, MA -- Paratek Pharmaceuticals, Inc. has raised an additional $22 million in new investment from a syndicate of venture capital firms.

Paratek is discovering and developing therapeutics to overcome the problem of bacterial resistance.  The company has developed two platforms, Tetracycline and Multiple Antibiotic Resistance, to combat, cure and prevent infectious diseases.

Investors in the round included lead investor Aisling Capital, the D.E. Shaw Group, Nomura Phase4 Ventures, Novartis BioVenture Fund, HBM Bioventures and Hercules Technology Growth Capital.

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