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Wednesday, September 6, 2006

Injection of cash

FRAMINGHAM

Artisan Pharma Inc., a four-person Framingham company, said today it had won $39 million in venture-capital financing to develop a Japanese company's experimental drug to reduce blood clotting and inflammation. The drug, made by Asahi Kasei Pharma Corp., is awaiting approval in Japan.

Artisan, formed by venture investors a month ago to license the drug from AKP, plans to hire several employees and begin conducting clinical trials in the United States starting next year.

-- Stephen Heuser

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