Friday, April 17, 2009

Aerovance Closes On $38M 3rd Round Funding

Aerovance, a developer of asthma medications, has received $38 million in a post-recapitalized third round of financing, VentureBeat said.

The round, which gives the company $20 million up front, with the option of claiming the remaining $18 million as necessary, was led by ProQuest Investments. Other investors included BB Biotech Ventures, Alta Partners and Apax Partners.

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