US-based biopharma company Syndexa Pharmaceuticals secured $8.5m in series B1 funding from backers including MP Healthcare Venture Management (MPH), a venture capital firm which acts as a subsidiary of pharmaceutical concern Mitsubishi Tanabe Pharma Corporation and its parent company, Mitsubishi Chemical Holdings. 

Also participating in the B1 round was the founder of electronics hardware maker Hittite Microwave, Yalcin Ayasli, who led the initial B1 round in April this year. Ayasli previously led Syndexa’s first series B round, which raised…

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