Series A Financing For Annovation Includes Potential Buyout By TMC

The newest company created under the Atlas Venture Development Corp. model, Annovation, will develop a next-generation anesthetic through proof-of-concept, with investor The Medicines Co. holding an option to acquire the new company.

The Series A financing for Annovation Biopharma Inc., established to develop a safer, next-generation anesthetic, is all about speed – developing an anesthetic agent from which surgical patients can be revived in minutes and creating a corporate structure that will allow a quick, profitable exit for Annovation’s investors.

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