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Metabolex Lands New Venture Capital Investment

Tuesday, November 10, 2009 5:34:00 AM PDT | VentureDeal Staff

Hayward, California  --  Pharmaceutical company Metabolex has raised $8.6 million in a new round of venture capital financing.

Metabolex says that is "dedicated to the discovery and development of drugs to treat diabetes and related metabolic disorders."

Investors in the round included Alta Partners, Venrock, Versant Ventures, Bay City Capital and others.  The company said it would use the funding to continue to advance its potential new therapy for treating type II diabetes.

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