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Tranzyme Clears $20 Million In Development Funding

Friday, November 02, 2007 5:00:00 AM PDT | VentureDeal Staff

DURHAM, NC -- Biopharmaceutical company Tranzyme Pharma said that it has completed a new round of venture capital financing, receiving $20 million.

Tranzyme is developing orally bioavailable, small molecule therapeutics for the treatment of gastrointestinal (GI) diseases.

Investors who lead the round were H.I.G. Ventures, Thomas, McNerny & Partners, Quaker BioVentures and BDC Venture Capital.  The company said it will use the proceeds to continue development of its GI drugs.

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