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Financing, Biotech, pharma

$40 Million for Paratek Pharmaceuticals

Rebecca Zacks 10/25/07

Paratek Pharmaceuticals of Boston announced it has closed the first tranche of a $40 million financing round. (It’s a Series H round, according to peHUB.) The company says it will use the funds in part to further the development of antibiotics to treat infections caused by methicillin-resistant Staphylococcus aureus (MRSA) and other drug-resistant bacteria.

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