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Paratek Pharmaceuticals Closes $40 Million Funding

Thursday, April 17, 2008 5:46:00 AM PDT | VentureDeal Staff

BOSTON, MA -- Paratek Pharmaceuticals, Inc. announced the closing of a new round of venture capital financing, raising $40 million in new investment.

Paratek is developing technology platforms to treat infectious diseases via TET antibacterials, non-antibacterial tetracyclines and multiple adaptational response-related treatments.

Aisling Capital led the round, which included D.E. Shaw Group, Nomura Phase4 Ventures, Novartis BioVenture Fund, HBM Bioventures and Hercules Technology Growth Capital.

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