Syntaxin receives £18m investment
Lundbeckfond Ventures, Seventure and Ipsen have taken part in a series-C round of financing for biopharmaceutical company Syntaxin.
Syntaxin's series-B investors – Abingworth, SR One, Life Science Partners, Johnson & Johnson Development Corporation and Quest – also participated in the latest round.
Syntaxin, launched in 2005, is a biopharmaceutical company based in Abingworth. Its lead product is the Targeted Secretion Inhibitor (TSI) technology platform. The funding will be used for the development of the TSI and clinical proof-of-concept studies for its acromegaly programme.
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