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Fate Therapeutics Nets Venture Capital Debt

Wednesday, August 14, 2013 5:53:00 AM PDT | VentureDeal

   San Diego, California  --  Biotechnology company Fate Therapeutics has received $20 million in new venture capital debt investment, according to an SEC regulatory filing.

Fate is developing a platform that focuses on regenerative and reprogramming medicine that utilizes treatments to awaken adult stem cells.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

The company is backed by a large syndicate of venture capital firm investors.

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