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Receptos Receives $25M in Financing

Privately held biotech startup Receptos Inc. said Nov. 23 it has closed a $25 million Series A financing round it will use to advance its lead drug candidate into human trials.

The company, led by biotech veteran William Rastetter, is working on imaging techniques that aid researchers in their drug discovery efforts. Its technology, which captures images of the G-protein coupled receptor, gives researchers a more precise target for their drugs. Scientists with The Scripps Research Institute originally developed the imaging technique, which was named among the top 10 scientific breakthroughs of the year by Science Magazine in 2007.

Investors in the company include ARCH Venture Partners, Flagship Ventures, Lilly Ventures and Venrock.

—Heather Chambers

» Link to this article


  February 8-14, 2010
SDBJ News
CONNECT Goes to Washington
Most high-tech entrepreneurs and innovators don’t have time to put on a tie and sit through a three-hour meeting about policy issues in Washington, D.C. They are too busy creating the next generation of digital mobile applications and lifesaving health care products, and creating jobs for the new innovation economy. There has not been a strong voice or presence in the nation’s capital to represent these innovators, who neither have the money nor bandwidth to lobby or educate representatives on their needs and interests — until now.
S.D. Companies Race to Build Gene Machines
Technology contenders in the race to decode a person’s entire genetic makeup for less than $1,000 have been making gains in recent months, signaling that the finish line isn’t far ahead.
Conference Focuses on Methods to Combat Cyber Attacks
The creative and destructive power of the Internet emerged as a major topic of the West 2010 military conference, sharing the stage with more time-honored topics such as ships and naval strategy.
Scripps Health Issues $220M in Revenue Bonds
Scripps Health, currently in the middle of a building spree intended to bring its aging health care facilities up to date while accommodating future population demands, sought help financing its projects through the public markets last week.
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