Visterra, Previously Parasol, Expands with $6M

7/12/10Follow @gthuang

Visterra, a Cambridge, MA-based developer of therapies and diagnostics for flu and other viruses, has raised a $6 million round of venture funding from Flagship Ventures, Lux Capital, and Polaris Venture Partners. The news was reported earlier by PE Hub and Mass High Tech. Visterra, formerly called Parasol Therapeutics, was spun out of the MIT lab of bioengineer Ram Sasisekharan and incubated at Polaris, as Ryan reported in April 2009. The company previously raised $3.25 million in seed funding. The new money is being used in part to help Visterra expand to Singapore, where it plans to extend its R&D capabilities.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at Follow @gthuang

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