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SAN DIEGO DRUG COMPANY NETS SECOND ROUND FUNDS

By Stefanie Knapp | Jun. 18, 2002
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Jun. 18, 2002

SAN DIEGO DRUG COMPANY NETS SECOND ROUND FUNDS

Favrille Inc. netted $16.9 million in its recent second-round financing. The deal was announced June 11. Sanderling Ventures led the round. De Novo Ventures, Indofin NV, Lotus BioScience Investment Holdings Limited, Forward Ventures and Alloy Ventures were the other investors.

        Favrille Inc. netted $16.9 million in its recent second-round financing. The deal was announced June 11.
        Sanderling Ventures led the round. De Novo Ventures, Indofin NV, Lotus BioScience Investment Holdings Limited, Forward Ventures and Alloy Ventures were the other investors.
        San Diego's Favrille is a biotechnology company that produces drugs for patients with cancer and other auto-immune diseases. The company targets the genes in each patient to create a drug targeted to the patient's specific needs.
        Palo Alto's Cooley Godward represented Favrille in the deal. San Diego partner Frederick Muto led the deal team, comprising associates David Berger and Danielle Bersofsky.
        Paulette Taylor handled the deal in-house for Sanderling.
        - Stefanie Knapp

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Stefanie Knapp

Daily Journal Staff Writer

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