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BioNotebook: PhaseBio closes $40m Series C round led by AstraZeneca, plus five other VC financings

This article was originally published in Scrip

Executive Summary

AstraZeneca led a $40m Series C venture capital round that will fund PhaseBio's Phase IIa clinical trials for drug candidates to treat diabetes and heart failure – two key areas of interest for the UK-based big pharma company.

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