Tech Company Financing Transactions
Acceleron Pharma Funding Round
Acceleron Pharma, based in Cambridge, secured $30 million in funding from OrbiMed, Advanced Technology Ventures and Flagship Pioneering.
Transaction Overview
Company Name
Announced On
8/2/2006
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
OrbiMed (Lead Investor) (Carl Gordon)
Proceeds Purpose
Proceeds from this financing will be used to advance ACE-011, a promising agent for the treatment of bone loss now in Phase 1 clinical trials, and several other programs addressing musculoskeletal, metabolic and cancer-related diseases.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
128 Sidney St.
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Acceleron is dedicated to the discovery and development of innovative, life-changing medicines for patients with a wide range of serious and rare diseases. Our research focuses on harnessing the power of the TGF-beta protein superfamily, the target-rich area of biology behind the body's remarkable capacity for cellular growth and repair.
Profile
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Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Habib Dable
Chief Financial Officer
Kevin McLaughlin
Chief Scientific Officer
Ravi Kumar
Vice President
Todd James
VP - Bus. Development
Sujay Kango
VP - Bus. Development
John Quisel
VP - Bus. Development
Tracey Sacco
VP - General Counsel
Adam Veness
VP - Human Resources
Kevin McManus
VP - Regulatory Affairs
James Desiderio
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Next: 8/3/2006: sentitO Networks venture capital transaction
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Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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