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Pliant Therapeutics Inc. (therapies for fibrotic disorders) raised $62mm in its Series B financing led by Cowen Healthcare Investments, which adds a board member and was joined by other first-tine backers Eventide Asset Management, Schroder Adveq, Menlo Ventures, SCubed Capital, Agent Capital, and undisclosed institutional investors. The company will use the proceeds to commence proof-of-concept trials in idiopathic pulmonary fibrosis and primary sclerosing cholangitis, and for early-stage pipeline development.
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