Kolltan Adds $5M to Series A
Luke Timmerman8/18/09
Kolltan Pharmaceuticals, the New Haven, CT-based developer of cancer drugs, said today it has raised an additional $5 million as part of its Series A financing, bringing the total round to $40 million. Kolltan, a spinout from the Yale University lab of Joseph Schlessinger, announced its initial $35 million financing in January. Investors in the Series A financing include Purdue Pharma, HBM BioCapital, the Pritzker/Vlock family, and other private life sciences investors.
Luke Timmerman is the National Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.
