Sparrow Pharmaceuticals Secures $95M Series B for Diabetes Treatment
Sparrow Pharmaceuticals, a Portland, Oregon-based biotech company, has announced a significant boost to its diabetes research efforts with a $95 million series B funding round. The investment, led by RA Capital Management and Forbion, with participation from existing investors OrbiMed, RiverVest, and US Venture Partners, will primarily support the ongoing phase 2b trial of the company's oral small molecule, clofutriben.