FDAnews Drug Daily Bulletin

INOTEK PHARMACEUTICALS COMPLETES $35 MILLION SERIES B FINANCING

Nov. 21, 2005
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Inotek Pharmaceuticals Corporation announced today that it has closed its Series B financing with the completion of the second $10 million tranche. In total, the Company raised $35 million in its Series B round. New investors in the Series B round were Caisse de depot et placement du Quebec (the "Caisse"), the largest Canadian institutional investor with over CA$100 billion of net assets under management, and Pitango Venture Capital, the largest venture capital firm in Israel with over $1 billion under management.

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