Deal Announcements

Altea Therapeutics Raises Venture Capital Funding

Monday, April 06, 2009 5:39:00 AM PDT | VentureDeal Staff

Atlanta, Georgia  --  Pharmaceutical company Altea Therapeutics has secured a new round of strategic venture capital financing.

Altea is developing pharmaceutical products based on a class of advanced transdermal patches that deliver drugs in a more convenient, painless and cost effective manner.

Amylin Pharmaceuticals and Lilly Ventures made the investment. The company did not disclose how the funding proceeds would be used.

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