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Sep. 16, 2003

$27 Million Financing Will Support New Clinical Trials

Drug company Metabolex Inc. has secured $27 million in late-stage financing to support its clinical-trials program. The financing was led by previous investor Bay City Capital, along with new investors Biotech Turnaround Fund BV and CDP Capital Technology Ventures. The other participants included Charter Ventures and KBC.

By Toni Vranjes
        Drug company Metabolex Inc. has secured $27 million in late-stage financing to support its clinical-trials program.
        The financing was led by previous investor Bay City Capital, along with new investors Biotech Turnaround Fund BV and CDP Capital Technology Ventures. The other participants included Charter Ventures and...

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