BioCentury
ARTICLE | Financial News

Sorbent raises $36M in expanded B round

July 1, 2011 1:21 AM UTC

Sorbent Therapeutics Inc. (Sunnyvale, Calif.) raised $36 million in a second tranche of a series B round, bringing the total raised in the round to $53 million. New investor Novartis Venture Funds led the tranche, with existing investors Sofinnova Ventures; Arch Venture Partners; CMEA Capital; and AgeChem Venture Fund also participating. The company raised $17 million last September. ...