'Methodical' Blend Therapeutics shuns large A round, to build drug combinations company

Raising money for a new drug development company, Blend Therapeutics has deliberately followed a softly, softly approach to funding, according to its stellar scientific founders. The Watertown, Massachusetts-based company backed by the venture capital firms Flagship Ventures, New Enterprise Associates and NanoDimension, gained $2.8 million in a Series A funding round on 10 January 2012. It will work without a CEO until certain technical hurdles have been overcome.