Biotech, Diagnostics, Financing

Visterra gets series B financing from Merck

Posted on 03 October 2014

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Merck is investing $30 million in a Series B round of financing for Visterra.

The Series B financing round was co-led by new Visterra investors, Merck Research Labs Venture Fund, Vertex Venture Holdings and Temasek Life Science Ventures.

Existing investors Polaris Partners, Flagship Ventures, Omega Funds and Alexandria Venture Investments, and new investor Cycad Group, also participated in the upsized financing.

Proceeds from the round will be used to advance the development of multiple product candidates from the company’s pipeline of novel monoclonal antibodies that target infectious diseases, including VIS410 for seasonal and pandemic influenza and VIS513 for dengue fever, into the clinic.

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