Finance Watch: $50m Doubles Magenta's Funding To Improve Stem Cell Transplants

In VC deals, Magenta raised $50m, licensed a Novartis asset and engaged an important partner. Seven public companies revealed financial transactions totaling $947.4m, including Achaogen's $20.5m from the Gates Foundation. Also, OncoMed, Regulus and Depomed provided restructuring updates.

Finance Watch

Magenta Therapeutics Inc. has doubled its money in less than six months to nearly $100m to fund the development of therapies that may improve the results of stem cell transplants and make the curative treatments a viable option for more patients.

Cambridge, Mass.-based Magenta closed a $50m Series B venture capital round in early May after it completed a $48.5m Series...

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