Tech Company Financing Transactions

Arete Therapeutics Funding Round

Arete Therapeutics, operating out of South San Francisco, secured $13.3 million in funding from Alta Partners, Frazier Healthcare Partners and Altitude Capital Partners.

Transaction Overview

Company Name
Arete Therapeutics
Announced On
5/23/2007
Transaction Type
Venture Equity
Amount
$13,300,000
Round
Series A
Investors

Alta Partners (Lead Investor) (Daniel Janney)

Frazier Healthcare Partners (Lead Investor) (James Topper)

Altitude Capital Partners

Burrill & Company

Three Arch Partners (Richard Lin)

Proceeds Purpose
Dinesh V. Patel, Ph.D.,president and chief executive officer of Arête Therapeutics Inc. said, "This financing, with anexceptional group of top tier investors, will allow us to advance our product portfolio andachieve clinical proof of concept in humans. We anticipate initiating clinical trials for our firstIND candidate, AR9281, by the end of 2007."

Company Information

Company Status
Out of Business
Industry
Biopharmaceutical
Mailing Address
7000 Shoreline Ct. 201
South San Francisco, CA 94080
USA
Phone
650.737.4600
Website
www.aretetherapeutics.com
Email Address
[email protected]
Overview
Arete Therapeutics Inc. is discovering and developing first in class small molecule drugs directed at novel targets for cardiovascular diseases and inflammation. The Company's proprietary therapies are directed at a new branch of arachidonic acid metabolism, which is a proven (US $10+B) pathway for therapeutic intervention in a variety of inflammatory diseases.
Profile
Arete Therapeutics LinkedIn Company Profile
Social Media
Arete Therapeutics Company Twitter Account
Company News
Arete Therapeutics News
Facebook
Arete Therapeutics on Facebook
YouTube
Arete Therapeutics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
James Sabry
  James Sabry LinkedIn Profile  James Sabry Twitter Account  James Sabry News  James Sabry on Facebook
Chief Medical Officer
Randall Whitcomb
  Randall Whitcomb LinkedIn Profile  Randall Whitcomb Twitter Account  Randall Whitcomb News  Randall Whitcomb on Facebook
Vice President
Euan MacIntyre
  Euan MacIntyre LinkedIn Profile  Euan MacIntyre Twitter Account  Euan MacIntyre News  Euan MacIntyre on Facebook

 

 

Browse more venture capital transactions:

Prev: 5/23/2007: Mojix venture capital transaction
Next: 5/23/2007: Petra Solar venture capital transaction

 

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