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US biotech company Alios BioPharma gets $8m backing from GlaxoSmithKline’s venture arm

23 Jun 2009

Alios BioPharma, an emerging US biotech company that is developing medicines to treat viral diseases by activating pathways in the innate immune system, has closed a $32m Series A funding round.

SR One, the venture capital fund of pharmaceuticals giant GlaxoSmithKline, invested $8m.

The first closing was completed in December 2008, led by Novo and Novartis Venture Fund with participation from the Roche Venture Fund.

Kent Gossett, partner at SR One, will be joining current board members Jack B Nielsen, Novo; Lawrence M Blatt, Alios BioPharma; Campbell Murray, MD, Novartis Venture Fund; and Carole Nuechterlein, Roche Venture Fund.

“SR One is pleased to join the distinguished Alios team and investor syndicate in their effort to realise the potential of Alios to develop multiple novel therapies for a variety of serious and life threatening viral infections,” said Dr Gossett. “The Alios investment demonstrates SR One’s commitment to fund emerging life science companies with innovative science that has the potential to significantly advance medical care.”

“We are appreciative to have SR One join the Alios team and we are very pleased that Kent Gossett will be joining our board of directors,” said Lawrence M Blatt, founder and CEO of Alios. “Kent brings a wealth of both research and business experience from his 20 years in the pharmaceutical industry and we look forward to his contributions to building Alios BioPharma.”

Earlier this month SR One backed Aileron Therapeutics in a $40m funding round.

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