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Calistoga Pharmaceuticals Nets $21 Million Round

Tuesday, March 06, 2007 7:30:00 AM PDT | VentureDeal Staff

SEATTLE, WA -- Calistoga Pharmaceuticals announced that it had raised $21 million in new investment from several venture capital firms.

The company is a spin-off from Icos Corp, which was acquired by Eli Lilly (NYSE: LLY) in January.  Calistoga is developing a drug candidate acquired from Icos that can potentially treat various types of cancer.

Investors in the round included lead investor Frazier Healthcare Ventures, Alta Partners, Three Arch Partners and Amgen Ventures, the corporate venturing arm of Amgen Corporation.

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