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Kythera Biopharmaceuticals Raises $40 Million Series C

Tuesday, May 20, 2008 5:56:00 AM PDT | VentureDeal Staff

CALABASAS, CA -- Biotechnology company Kythera Biopharmaceuticals, Inc. has announced that it has received $40 million in its third round of funding from a syndicate of venture capital firms.

Kythera is using the tools of biotechnology to develop prescription therapeutics for the emerging markets of aesthetic and restorative dermatology for aging populations.

Jafco Ventures America led the round, which included BBT Fund, Apothecary Capital, Versant Ventures, Arch Venture Partners, Prospect Venture Partners, Altitude Capital Partners and WS Investment.  The company said it would use the proceeds of this financing to complete Phase II trials for its lead product ATX-101.

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