Recent Financings of Private Companies (12/2006)

Each month, Start-Up presents a comprehensive review of young, private life science companies that have recieved venture funding during the month, including companies in the pharmaceutical, medical device, diagnostic and research instrumentation & reagent sectors.

Oct.—After deciding that the treatment of substance abuse was not a major part of its business strategy, Acadia (drug discovery in neurological diseases) said it will provide seed funding to form Abbey Pharmaceuticals to focus on this therapeutic area.

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