Cidara Therapeutics snags $42 mln Series B

San Diego-based biotech firm Cidara Therapeutics Inc has closed $42 million in Series B funding. The investors in this round were not named; however, the firm’s previous backers include 5AM Ventures, Aisling Capital, Frazier Healthcare and InterWest Partners.

Biotech company ORIG3N scores $3.1 mln

Boston-based biotech company ORIG3N has closed $3.1 million in funding. The investors included Hatteras Venture Partners, Harris & Harris Group, KTB and Mountain Group Capital.

VC-backed Ascendis Pharma goes public

Danish biotech firm Ascendis Pharma has raised $108 million for its IPO after pricing its 6 million shares at $18 per share. The stock begins trading Wednesday on the NASDAQ under the ticker symbol “ASND.” BofA Merrill Lynch and Leerink Partners are serving as the lead underwriters. Ascendis Pharma’s backers include Sofinnova Ventures, OrbiMed, Vivo Capital, Venrock, RA Capital Management and Janus Capital Management.

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Biotech firm RetroSense Therapeutics picks up $6 mln

Ann Arbor, Michigan-based biotech firm RetroSense Therapeutics has received $6 million in a Series A financing. The investors included Nerveda, Blue Water Angels, SDL Ventures, Tech Coast Angels and Michigan Economic Development Corp.

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Deerfield and Roche lead $10 mln round for AveXis

Dallas-based gene therapy-focused biotech firm AveXis has raised $10 million in funding. Deerfield Management and Roche Venture Fund led the round. In addition to the funding, AveXis has added Jonathan Leff of Deerfield and Carole Nuechterlein of Roche Venture Fund to its board of directors.

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Moderna Therapeutics scores $450 mln

Cambridge Mass.-based biotech firm Moderna Therapeutics has closed $450 million in funding. The backers in this round include Viking Global Investors, Invus, RA Capital Management, Wellington Management Company, AstraZeneca and Alexion Pharmaceuticals.

CytomX grabs $20 mln Series C

Biotech firm CytomX has received $20 million in Series C financing. Pfizer Venture Investments led the round with participation from previous backers Third Rock Ventures, Canaan Partners and the Roche Venture Fund. In addition to the funding, Dr. Elaine Jones, executive director of venture capital at Pfizer Venture Investments, has been added to CytomX’s board of directors. Her appointment becomes effective January 15, 2015.

Symic Biomedical snags $15 mln Series A

San Francisco-based Symic Biomedical, a healthcare-focused biotech firm, has raised $15 million in Series A funding. Lilly Ventures led the round with participation from other investors that included Den Danske Forskningsfond, Mitsui Global Investment, Ally Bridge Group, InCube Ventures, Purdue Foundry Investment Fund, Mission Bay Capital and QB3 Partners. In addition to the funding, Symic Biomedical has appointed Dr. Armen Shanafelt, a general partner at Lilly Ventures and Dr. Claus Christiansen, chairman of Nordic Biosciences, to its board of directors.

Ayoxxa nets additional Series B funds

Ayoxxa Biosystems, a biotech firm in Germany and Singapore, has received an additional 2.3 million euros in its Series B funding. The investors in this round were BioMedPartners AG and Grazia Equity GmbH. Also, the company has named Andreas Richter as chief financial officer. His appointment becomes effective January 1, 2015.

Biotech firm FibroGen goes public

San Francisco biotech firm FibroGen has raised $145.8 million for its IPO after pricing its 8.1 million shares at $18 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “FGEN.” Goldman Sachs, Citigroup and Leerink Partners are the lead underwriters.

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Bayer to invest up to $25 mln in Versant Ventures’ newest fund

Versant Ventures‘ latest fund has added Bayer HealthCare as an LP. Bayer will invest up to $25 million in Versant Venture Capital V. The fund will back the development of new therapies “in areas of high unmet medical need.” In addition to investing in the fund, Bayer will join its advisory board.

Imago BioSciences fetches $26.5 mln Series A

San Francisco-based biotech firm Imago BioSciences has closed $26.5 million in Series A funding. Clarus Ventures led the round with participation from other investors that included Frazier Healthcare, Amgen Ventures and Merck Research Labs Venture Fund. In conjunction with the funding, representatives from Clarus Ventures and Frazier Healthcare have been added to the the company’s board of directors.

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Quartet Medicine scores $17 mln Series A

Quartet Medicine has closed $17 million in Series A financing. Atlas Venture led the round with participation from Novartis Venture Funds, Pfizer Venture Investment and Partners Innovation Fund. In conjunction with the funding, Henry Skinner of Novartis Venture Funds has been appointed to Quartet’s board of directors. Based in Cambridge, Mass., Quartet is a biotech firm focused on treating chronic pain and inflammation.

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