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Serentis Buys Surface Therapeutics

Serentis Inc., a UK drug startup formed by former Arakis Ltd. executives, has acquired Surface Therapeutics Ltd., a developer of treatments for dermatological diseases. No financial terms were disclosed. Serentis recently raised Gbp10.3 million in Series A funding from firms like Novo AS, MVM Life Science Partners and Apposite Capital. www.serentis-pharma.com