Wolverine Venture Fund Participates in Newest Round of Sonitus Medical

The University of Michigan’s Wolverine Venture Fund, managed by the school’s business school students, is among those investors to invest in the newest round of Sonitus Medical, a medical device company that manufactures a non-surgical, removable hearing device that transmits sound via the teeth. Other participants in the $25 million Series D included Arboretum Ventures and […]

Akebia Therapeutics Closes $4.1M in Series B

Akebia Therapeutics Inc., a pharmaceutical company focused on treatments for anemia, has drawn down a $4.1 million tranche of its previously announced Series B financing. Investors included Novartis Bioventures, Venture Investors, Triathlon Medical Ventures, Kearny Venture Partners, Athenian Venture Partners, Sigvion Capital and AgeChem Venture Fund.

Catalyst Biosciences Inks $7M from Phizer

Catalyst Biosciences Inc. has sealed a $7 million milestone payment from Pfizer, as part of a research and license agreement between the two companies. Catalyst recently initiated Phase 1 clinical trials for one of its products, designed to help treat hemophilia patients. Privately held Catalyst is backed by investors including Essex Woodlands Health Ventures, HealthCare Ventures, Johnson & Johnson Development Corporation, Morgenthaler Ventures, Novartis BioVentures, RCT BioVentures and Sofinnova Ventures.

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