Xconomy Boston

Seaside Therapeutics Secures $30,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a6b3300c-0ead-41b9-a696-eda08b116a8d&Preview=1
Date
9/17/2009
Company Name
Seaside Therapeutics
Mailing Address
840 Memorial Drive Cambridge, MA 02139
Company Description
Seaside founders understand the toll that brain development disorders, including autism and mental retardation, take on families and share the sense of frustration that effective therapeutics are still not available despite recent scientific advances. Seaside Therapeutics was founded to fill this void and to develop potential treatments for these underserved populations by translating breakthrough discoveries in neurobiology into therapeutics that improve the lives of patients and their families.
Website
http://www.seasidetherapeutics.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The financing will be used to fund the Company’s pipeline of novel therapeutic candidates to correct or improve the course of those who suffer these disorders.
M&A Terms
Venture Investor
Undisclosed