San Diego-based Trius Therapeutics has snagged a $30 million round of venture capital to advance its antibacterial drug TR-701, which is now completing Phase I testing. The round was led by Kleiner, Perkins, Caufield and Byers (KPCB). New investor FinTech Global Capital alsoÂ participated in the developer's second round, along with all existing investors--Sofinnova Ventures, Versant Ventures, Interwest Partners and Prism VentureWorks.Â
"The excellent results from our ongoing Phase I trial, including data confirming the potential for once-daily dosing, prompted us to raise this round of financing earlier than initially planned to accelerate the clinical development of TR-701," said Jeffrey Stein, Ph.D., CEO of Trius Therapeutics. "We are encouraged that KPCB has recognized our potential and joined our strong investor group. The proceeds from this financing will enable Trius to advance TR-701 through Phase II and into Phase III development, and to continue to invest in our pre-clinical programs."
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