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Anacor gets $50mm including investments from GSK, Schering
29 Jan 2009
Just two weeks after withdrawing its IPO, Anacor Pharmaceuticals (developing compounds for fungal, bacterial, and inflammatory diseases) raised $50mm through the sale of preferred shares to returning shareholders Rho Capital Partners, Venrock Associates, Care Capital, and Aberdare Ventures. Also contributing were GlaxoSmithKline and Schering to fulfill obligations as part of separate 2007 licensing agreements with Anacor. The company will use the proceeds for ongoing development of its boron chemistry-based candidates.
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