Vital Therapies Receives $16,000,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=388fd699-a868-4e94-9a7a-0f201f172406&Preview=1 -
Date
9/28/2012 -
Company Name
Vital Therapies -
Mailing Address
15222 Avenue of Science San Diego, CA 92128 -
Company Description
Vital Therapies, Inc. (VTI) is a new company formed in 2003 to continue the development of the ELAD (Extracorporeal Liver Assist Device) System, which augments the metabolic functions of a patient’s liver, thereby enabling a bridge to transplant or liver recovery. VTI acquired the assets and business of VitaGen/Hepatix. -
Website
http://www.vitaltherapies.com -
Transaction Type
Venture Equity -
Transaction Amount
$16,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The San Diego-based company plans to use the capital to run Phase III clinical trials of a product that combines liver cells with a medical device that could help people with acute liver failure. -
M&A Terms
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Venture Investor
Undisclosed
