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Essex leads $45mm venture round for pain company Victory
17 Mar 2009
New backer Essex Woodlands Health Ventures led a $45mm financing in Victory Pharma (in-licenses and acquires pain management therapeutics) and contributes a new board member. Ampersand Ventures, which already owned part of the company after buying out one of its founders, also contributed. Cowen & Co. was the placement agent. Victory hasn't done any previous financings; it has been supporting itself through loans and its own profits.
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