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Intarcia Closes $50 Million Series BB Round

Monday, March 19, 2007 7:00:00 AM PDT | VentureDeal Staff

EMERYVILLE, CA -- Intarcia announced the close of its series BB round, raising $50 million in new investment.

The company is in ongoing clinical development for its Omega DUROS (R) therapy for chronic hepatitis C, and intends to also use the proceeds to advance its diabetes program to phase I clinical trials.

The round was led by new investor New Leaf Ventures and included another new investor, Quilvest Ventures.  Existing investors who joined the round were New Enterprise Associates, Venrock Associates, Alta Partners, Omega Fund and Granite Global Ventures.

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