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Eyeing Both A Partnership And An IPO, Aragon Takes $42M Series C

 
• By Paul Bonanos

A well-connected fund that invests on behalf of a group of high-net-worth investors provides cash to complete a Phase II trial on prostate cancer drug ARN-509, and bring a breast cancer drug into the clinic.

As it contemplates a partnership and an initial public offering, oncology drug developer Aragon Pharmaceuticals Inc. has turned to private investors for a $42 million Series C round of funding that could provide flexibility for both actions.

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