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3-V Biosciences Secures $30 Million Venture Capital

Monday, August 17, 2009 5:28:00 AM PDT | VentureDeal Staff

Palo Alto, California  --  Biotechnology company 3-V Biosciences has secured $30 million in its second round of institutional venture capital financing.

3-V Biosciences was founded by a number of executives at the Swiss Federal Institute of technology in Z├╝rich, Switzerland.  Host pathway screening began in November, 2007.

New Enterprise Associates led the round, which also included The Column Group and Kleiner Perkins Caufield & Byers.  The company said that the funding would be used for "both exploratory research and early clinical development of the company's lead programs targeting the treatment of respiratory viral infections."

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