Strong end to VC year as Blend, Naurex and Allakos raise $86m

Venture capital financings for biopharmaceutical companies could end 2012 with a strong showing at the pace that new and early-stage firms are announcing new funding rounds, including at least three deals above $10 million kicking off the last full work week before Christmas and New Year's celebrations.

Oncology-focused Blend Therapeutics in Watertown, Massachusetts and Evanston, Illinois-based Naurex with interests in psychiatry and neurology announced Series B rounds totaling $16 million and $38 million, respectively. Allakos in San...

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