BioCentury
ARTICLE | Finance

Hitting the books

Atlas' AVDC finds academic assets in deal for anesthesia play Annovation

September 17, 2012 7:00 AM UTC

Anesthesia play Annovation Biopharma Inc. is the second company to emerge from Atlas Venture's Atlas Venture Development Corp. asset-centric initiative and is the first that is working with assets from academia.

Annovation raised $8 million in a series A round last week from Atlas; Partners Innovation Fund; and strategic investor The Medicines Co. (NASDAQ:MDCO). The round could be expanded to up to $11 million...