Metabolic Solutions raises $23.5M, names Benoit CEO

Metabolic Solutions Development Co. (Kalamazoo, Mich.) raised $23.5 million in a series D round led by existing investor Hopen Life Sciences. Southwest Michigan First Life Science Fund, also an existing investor, participated. Metabolic Solutions also hired Stephen Benoit as CEO. Benoit is the former president and CEO of NanoMed Pharmaceuticals Inc. He replaces Robert Beardsley, who departed. ...