Entasis structures $50m series B

Apr 4, 2016 • Robert Lavine

Novo and existing investor AstraZeneca contributed to a round that will support Entasis Therapeutics' anti-infectives pipeline.

US-based anti-infective treatment developer Entasis Therapeutics closed a $50m series B round yesterday that included pharmaceutical companies Novo and AstraZeneca.

Life sciences-focused investment firm Clarus led the round, which also featured specialist investment firm Frazier Healthcare Partners and investment adviser Eventide Funds.

Entasis is working on drugs to combat drug-resistant bacterial infections, and the financing will be used to advance a pipeline of clinical and preclinical candidates. AstraZeneca spun the company out in February 2015 with $40m of funding to…

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