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Altheos Accepts First Venture Capital Funding

Wednesday, April 07, 2010 5:39:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Pharmaceutical development company Altheos has secured $20 million for its series A round of institutional venture capital investment.

Altheos is developing topical treatments for glaucoma and says that the financing proceeds will be used for the development of its lead candidate, ATS907.

Bay City Capital led the round, which also included Novo A/S, Caanan Partners and other investors.

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