BioCentury
ARTICLE | Financial News

Milestone raises $13.3 million

June 13, 2011 11:56 PM UTC

Milestone Pharmaceuticals Inc. (Montreal, Quebec) raised C$13 million ($13.3 million) in an equity round led by new investors Pappas Ventures; the Business Development Bank of Canada; and GO Capital. Fonds de solidarite FTQ, also a new investor, joined existing investors iNovia Capital and Fonds Bio-Innovation in the round. Pappas Ventures' Eric Linsley and Scott Weiner will join Milestone's board along with Business Development Bank's Dominic Jaikaran. ...