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Civitas Clears $20 Million First Venture Capital Round

Tuesday, January 11, 2011 5:32:00 AM PDT | VentureDeal Staff

Chelsea, Massachusetts  --  Pharmaceutical technology company Civitas Therapeutics has secured $20 million in its first round of financing according to a company statement.

Civitas is a spin out of Alkermes and is developing products with a dry powder pulmonary platform.

Longitude Capital and Canaan Partners led the round, which included other undisclosed investors.

The company said it would use the funding proceeds to advance its lead program.

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