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Ophthotech Raises $36 million, In-licenses Aptamers

 
• By Chris Morrison

Three venture capital firms funded the ophthalmology start-up with a $36 million Series A that will pay for the acquisition of two IND-stage drug candidates: the similarity to another start-up, Lux Biosciences, is startling. Can the founders of Eyetech take the Lux model and build another success for SVLS, HBM Bioventures, and Novo AS?

Success in the biopharmaceutical start-up world is bound to be imitated. But it isn’t often that the imitation is a carbon copy of the original, as is seemingly the case with SV Life Sciences, HBM BioVentures and Novo AS’ new venture Ophthotech Corp.

The three venture capital firms funded the ophthalmology start-up with a $36 million Series A that will pay for the acquisition of two IND-stage drug candidates. (See "Seeing Double: Ophthotech’s...

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