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Hydra Biosciences Raises Third Venture Capital Round

Friday, March 14, 2008 5:36:00 AM PDT | VentureDeal Staff

CAMBRIDGE, MA -- Pharmaceuticals company Hydra Biosciences, Inc. has closed its series C round of venture capital financing, receiving $34 million in total, according to a report in PE Hub.

Hydra is developing "molecular regeneration engines", new cardiovascular therapies and drugs that it says are targeting new ion channels.

Advanced Technology Ventures led the syndicate, which included previous investors Abingworth Management Inc., Bioventures Investors, Lilly Ventures, New Enterprise Associates and Polaris Venture Partners.

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