Versartis Obtains $21,000,000 Series B Financing Round

  • Feed Type
  • Date
    2/16/2011
  • Company Name
    Versartis
  • Mailing Address
    500 Ellis Street Mountain View, CA 94043
  • Company Description
    Versartis is developing new therapeutic proteins utilizing the novel half-life extension technology, XTEN. Versartis has licensed the rights to three products (VRS-826, VRS-859, and VRS-317) from Amunix.
  • Website
    http://www.versartis.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $21,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Versartis plans to use the proceeds primarily to conduct clinical trials of its lead product, VRS-317, for growth hormone deficiency (GHD) in both adult and pediatric patients.
  • M&A Terms
  • Venture Investor
    New Leaf Venture Partners
  • Venture Investor
    Advent Venture Partners
  • Venture Investor
    Index Ventures
  • Venture Investor
    Undisclosed

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