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Lead Therapeutics Clears $17 Million First Funding

Tuesday, November 06, 2007 5:30:00 AM PDT | VentureDeal Staff

SAN DIEGO, CA -- Biotech startup Lead Therapeutics, Inc. said that it has raised its first round of venture capital financing, receiving $17 million from U.S. and China-based venture firms.

Lead is a drug discovery company that is focused on delivering small molecule IND candidates for therapeutic applications.

Investors in the round included Pappas Ventures, ProQuest Investments and Mustang Ventures.  The company said it will use the proceeds to continue development of drugs in infectious diseases and oncology conditions.

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