Thursday, June 30, 2011

Bay Area transplant Sorbent Therapeutics closes $53M Series B financing

Sorbent Therapeutics Inc. closed a $53 million Series B financing round led by new investor Novartis Venture Funds.
A Bay Area transplant from Chicago, the three-employee Sunnyvale company will use the money to complete a mid-stage program for its lead congestive heart failure drug and slowly add a few employees, CEO Detlef Albrecht said.

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