ARCH Venture Partners

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BioPharma

Arch Venture Partners plans to fund “wild-ass ideas” with new, $400 million venture fund

Tech venture behemoth Arch Venture Partners has announced its eighth venture fund just closed with more than $400 million in subscriptions and, as co-founder and managing director Robert Nelson just told Forbes, it’s looking to fund companies with “contrarian philosophies.” Alex Konrad over at Forbes writes: That money will go to funding companies that cofounder and […]

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Kidney disease drug developer Sorbent Therapeutics raises $21M

Sorbent Therapeutics Inc. has raised a $21 million Series B round to fund Phase 2 clinical trials of a non-absorbed polymer-based drug for end-stage renal disease. The company’s renal disease drug, called CLP 1001, isn’t absorbed into the bloodstream and works by absorbing sodium and fluid from a patient’s gastrointestinal tract, said CFO and co-founder […]