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Funds will support development of palovarotene for fibrodysplasia ossificans progressiva
June 24, 2015
By: Tim Wright
Editor-in-Chief, Contract Pharma
Clementia Pharmaceuticals has completed a $60 million mezzanine round of financing to support the ongoing development of the company’s lead compound palovarotene for the treatment of fibrodysplasia ossificans progressiva (FOP). New Enterprise Associates (NEA) was the lead investor with participation by UCB, RA Capital Management, Rock Springs Capital Management, EcoR1 Capital, and a fund advised by Janus Capital Management LLC as well as existing investors OrbiMed Advisors and BDC Capital ...
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