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Arete Therapeutics Closes Series A Financing

Thursday, November 20, 2008 5:57:00 AM PDT | VentureDeal Staff

Hayward, California  --  Pharmaceutical company Arete Therapeutics said that it has raised the final $16.7 million tranche of its series A financing round.

Arete is developing small molecule drugs directed at targets for cardiovascular diseases and inflammation.

Investors in the round included Frazier Healthcare Ventures, Alta Partners, Burrill & Co., Three Arch Partners and Altitude Capital Partners. The company did not disclose how it would use the funding proceeds.

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