Valeritas raises $150M in series C

Medical device company Valeritas Inc. (Bridgewater, N.J.) raised $150 million in a series C round led by Welsh, Carson, Anderson & Stowe (WCAS). Existing investors Abingworth; Advanced Technology Ventures; Agate Medical Investments; CHL Medical Partners; HLM Venture Partners; Kaiser Permanente Ventures; MPM Capital; Onset; and Pitango Venture Capital also participated. Valeritas' V-Go disposable insulin delivery device is approved in the U.S. and EU to provide continuous subcutaneous delivery of insulin at a preset basal rate for patients with diabetes. ...