Virdante said it's raised $48m since early 2008

October 29, 2009 09:21 AM E-mail| |Comments ()| Text size +

Virdante Pharmaceuticals, a Cambridge company developing drugs for autoimmune and inflammatory diseases, said that new funding it has received brings the amount of Series A funding it began raising in January 2008 to $47.75 million.

In a press release, Virdante said its investors include Clarus Ventures; Venrock; Thomas, McNerney & Partners; MedImmune Ventures; Biogen Idec New Ventures; and Osage Partners.

Virdante said it is seeking to incorporate a proprietary "Sialic Switch" technology to improve the anti-inflammatory properties of antibodies. (Globe Staff)

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