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Deltanoid Pharma Nets $12 Million Series B

Wednesday, December 19, 2007 5:28:00 AM PDT | VentureDeal Staff

MADISON, WI -- Deltanoid Pharmaceuticals, Inc. announced that it has raised $12 million in second round venture capital funding.

Deltanoid is developing treatments for osteoporosis, renal osteodystrophy, psoriasis and other related diseases.  The company is focused on designing advanced vitamin D-based therapies that are already in human clinical trials.

Investors in the round included the Wisconsin Alumni Research Foundation, Mason Wells and Venture Investors.

The company said it plans to use the funding proceeds to advance its lead candidates and preclinical pipeline for therapies to treat patients with renal disease.

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