4.27.2007

VentureBeat � Biotech financing: Not everyone gets a turn at the firehose

VentureBeat � Biotech financing: Not everyone gets a turn at the firehose: "Every trend has its counterexamples, and the rush of venture funding into biotechnology is no exception.

VentureWire reports today (subscription required) on the case of Sequella, a small Rockville, Md., biotech working on new therapies for drug-resistant tuberculosis (whose bacterium is pictured at left). The company is seeking $20 million to put SQ109 (link to PDF), its leading TB-drug candidate, through mid-stage human testing. So far, however, the company isn’t finding many takers:"