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Thesan Pharmaceuticals Announces Series A Funding Co-Led By Novo Ventures And Novartis Venture Funds
Date:10/30/2012

to further commercialize our laboratories' efforts."

"A novel mechanism of action with dramatic efficacy, coupled with such solid chemistry is a great starting point for the formation of a new company," said Giovanni Ferrara, Venture Partner at Novartis Venture Funds.  "Combined with a world class team, it made for a compelling investment." 

In connection with the financing, Peter Bisgaard and Tiba Aynechi from Novo, as well as Giovanni Ferrara and Henry Skinner from Novartis have joined the company's Board, along with Dr. Howard Welgus, former VP R&D for Dermatology/Inflammation at Pfizer.  

About Thesan Pharmaceuticals, Inc.

Thesan is a newly formed, venture capital-funded biotechnology company focused on the development and commercialization of novel drugs for the treatment of dermatological conditions. For more information visit:  www.ThesanPharma.com

About Novo Ventures

Novo is the holding company of the Novo Group, and is wholly owned by the Novo Nordisk Foundation. It was established in 1999 to manage the assets of the foundation and actively make investments on its behalf. Novo Ventures focuses on life sciences venture capital, and is active in both Europe and North America. The firm has four partners in Copenhagen, one in London and three in San Francisco. With an evergreen structure, it annually invests approximately $100M in venture capital into private life sciences companies. For more information, visit: www.novo.dk

About Novartis Venture Funds

Founded in 1996, the Novartis Venture Funds currently manage over $800 million in committed capital. As a financially driven corporate life science investor, the Novartis Venture Funds invest in those companies which have the potential to address significant unmet medical needs critical to patient care. The Novartis Venture Funds' team of ten investment p
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SOURCE Thesan Pharmaceuticals, Inc.
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