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Gloucester Pharma Collects $29 Million Venture Capital

Thursday, August 27, 2009 5:30:00 AM PDT | VentureDeal Staff

Cambridge, Massachusetts  --  Pharmaceutical development company Gloucester Pharmaceuticals has secured $29 million in its series D round of institutional venture capital investment.

Gloucester says that it is developing a pipeline of products for the treatment of cancer.

Novo A/S was the lead investor in the round, which also included Apple Tree Partners, ProQuest Investments, Prospect Venture Partners and Rho Ventures.  The company said that the proceeds would be used to continue development of its treatment for T cell lymphomas.

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