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Series A round totals $33mm for Flexion Therapeutics, which adds more later
Drug development start-up Flexion Therapeutics has completed a $33mm Series A financing led by Versant Ventures, which also took part in the company's $3mm seed round in November 2007. Other founding investors participating in this round were 5AM Ventures and Sofinnova Partners. With a business model based on Lilly Research Lab division Chorus, Flexion hopes to take candidates through proof-of-concept faster and cheaper than the traditional development process. The company expects to soon announce partnerships it has in the works with three as-yet-unannounced pharmacos.
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