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Agios Pharmaceuticals Nets $33 Million First Round

Tuesday, July 08, 2008 5:46:00 AM PDT | VentureDeal Staff

Boston, Massachusetts -- Biopharmaceutical company Agios Pharmaceuticals has raised $33 million in its first venture capital funding round, according to a report in PE Hub.

Agios is developing treatments for cancer focused on regulating cancer cell metabolism.  It's research is increasing understanding of how cancer cells become addicted to utilizing more nutrients than normal cells.

Third Rock Ventures, Flagship Ventures and Arch Venture Partners invested the round.  Proceeds purposes were not disclosed by the company.

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