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Ambit raises $30M more VC after pulling IPO, but expects to go public after pivotal trial

This article was originally published in Scrip

Executive Summary

San-Diego-based biotech Ambit Biosciences has tapped its venture investors for an additional $30 million to support its ongoing Phase II pivotal trial of its FLT3 kinase inhibitor AC220 for acute myeloid leukemia (AML), after withdrawing its initial public offering filing in June 2011.



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