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BrainCells Secures $20 Million More Series B Funding

Monday, April 21, 2008 5:38:00 AM PDT | VentureDeal Staff

SAN DIEGO, CA -- Pharmaceutical company BrainCells Inc. announced that it has closed its second round of financing with an additional $20 million.  The total round now stands at $50 million.

BrainCells is a drug discovery company targeting therapies for depression, related neuropsychiatric disorders and other central system diseases.

New Enterprise Associates and Alexandria Real Estate Equities participated in the additional funding, along with the company's previous investors.

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