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First-time backer Care Capital has led the $25mm Series B financing for CoLucid Pharmaceuticals (lead candidate for migraine plus preclinical programs for several other neurological diseases) and contributed a new board member to the company. Returning shareholders Pappas Ventures, Domain Associates, Pearl Street Venture Funds, and Triathlon Medical Ventures also participated. CoLucid will use to money to move its 5HT1F agonist COL144 into Phase III and test the compound's anti-migraine efficacy as an oral medicine.
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