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Biotech Ventures Forth: Third Rock Rolls Out $426M Fund, Relypsa Reloads

This article was originally published in The Pink Sheet Daily

Executive Summary

It was a good day for biotech venture news, as early-stage investor Third Rock closed its second fund and Relypsa reported a massive $70 million Series B funding to push its potassium binding agent into pivotal trials.

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Third Rock Continues To Attract Investors, Closes $516M Fund

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Relypsa Adds Venture Funds In Another Effort To Reach Phase III

Relypsa, spun out from Amgen in 2007, has raised a third round of financing in an effort to move its lead compound into late-stage development.

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