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Novo and Novartis funds back $16m Series A for US dermatology startup Thesan

This article was originally published in Scrip

Executive Summary

Two pharma-backed venture investment firms put $16 million into a Series A round for a new Southern California dermatology drug company called Thesan Pharmaceuticals, which is run by Gordon Foulkes - the former CEO of San Diego startup Excaliard Pharmaceuticals that Pfizer acquired in 2011 (scripintelligence.com, 23 November 2011).

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