VC: Portola leads with $46M



Portola leads with $46 million second round.

VENTURE CAPITAL

COMPANY

AMOUNT/ROUND

LEAD INVESTORS

DESCRIPTION

Portola Pharmaceuticals
South San Francisco

$46 million
second round

Advanced Technology Ventures

The money will be used to advance its lead candidate, an oral Factor Xa, into Phase II.

PTC Therapeutics
South Plainfield, NJ

$26.6 million
N/A

Credit Suisse First Boston Private Equity and HBM BioVentures

The money will be used to develop PTC124 and advance its preclinical oncology and antiviral programs.

Fovea Pharmaceuticals
Paris

$25 million
first round

Sofinnova Partners

The biotech is working on breakthrough treatments of retinal diseases.

Mersana
Cambridge, MA

$21 million
undisclosed

Fidelity Biosciences and ProQuest Investments

Mersana is developing cancer therapeutics.

OncoMethylome Sciences
Belgium

$17.5 million
second round

Edmond de Rothschild Investment Partners

The company is developing molecular gene methylation tests for early cancer detection.