Metabolic Solutions Raises Another $6.8M

8/15/11Follow @XconomyDET

Kalamazoo, MI-based Metabolic Solutions Development, a developer of drugs to treat Type 2 diabetes, raised another $6.8 million in equity-based financing, according to a July 29 filing with the Securities and Exchange Commission. Twenty-three investors participated in the sale. Most of the financing is being used for expenses related to converting the company to an LLC structure, CEO Stephen Benoit said.

Sarah Schmid is the editor of Xconomy Detroit. You can reach her at 313-570-9823 or Follow @XconomyDET

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