Corporates help treat PhaseBio to $40m

Mar 13, 2015 • Thierry Heles

Pharmaceutical company AstraZeneca led a $40m series C round for PhaseBio Pharmaceuticals, a US-based drug developer working on treatments for metabolic and specialty cardiopulmonary disorders, yesterday.

The round also featured Johnson & Johnson Innovation, a network of centres owned by pharmaceutical company Johnson & Johnson that provide a range of services to companies including funding, incubation and office space, and the firm’s corporate venturing unit Johnson & Johnson Development Corporation.

New Enterprise Associates (NEA), Hatteras Venture Partners and Fletcher Spaght…

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