Deal Announcements

Fovea Pharma Secures $44 Million Series B

Friday, December 14, 2007 5:30:00 AM PDT | VentureDeal Staff

NEW YORK, NY -- Ocular disease pharmaceutical company Fovea Pharmaceuticals, Inc. announced that it has raised $44 million in series B venture capital financing.

Fovea is developing drug treatments for ocular diseases such as retinal degeneration, glaucoma, dry eye, allergy and inflammation.

The company's previous investors participated in the round along with new investor Forbion Capital Partners.  Previous investors were Sofinnova Ventures, Abingworth Management, GIMV, The Wellcome Trust and Credit Agricole Private Equity.

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