Portfolio Company News

Accumetrics Increases Capital Raise, Completes Final Close in $24 Million Capital Financing

September 1, 2010

Financing, clinical data, and strategic collaboration position company for continued strong growth

San Diego, CAAccumetrics, Inc., a privately-held developer and marketer of the VerifyNow® System, the first rapid and easy-to-use point-of-care system for measuring platelet reactivity to multiple antiplatelet agents, announced today that it has completed its capital financing efforts, the first round of which was announced in the Fall of 2009. Read More…

Otonomy Closes $38.5 Million Series B Financing

August 30, 2010

Strong Investor Syndicate to Fund Otonomy to Become Leading Company in the
Development of Locally Delivered Therapeutics for Ear Disorders

SAN DIEGO, CA  — Otonomy, Inc. announced today that it has closed a $38.5 million Series B financing co-led by Novo Ventures and RiverVest Venture Partners Read More…

Accumetrics, Inc., Daiichi Sankyo, Inc. and Eli Lilly and Company Launch Strategic U.S. Collaboration

July 13, 2010

Collaboration seeks to increase awareness about the importance of measuring patients’ platelet response to antiplatelet therapy

San Diego, CA, Parsippany, NJ and Indianapolis, IN — Accumetrics, Inc., Daiichi Sankyo, Inc, and Eli Lilly and Company announced today that the companies have entered into a strategic collaboration in the United States to raise awareness about antiplatelet therapy and the role of platelet function testing. Read More…

GILEAD SCIENCES TO ACQUIRE CGI PHARMACEUTICALS FOR UP TO $120 MILLION

June 25, 2010

- Deal to Broaden Gilead’s Research Expertise into Kinase Biology and Chemistry -

Foster City, CA and Branford, CT – Gilead Sciences, Inc. (Nasdaq: GILD) and CGI Pharmaceuticals, Inc., a privately-held, development-stage pharmaceutical company focused on small molecule chemistry and kinase biology, today announced the signing of a definitive agreement pursuant to which Gilead will acquire CGI. Read More…