Financings In Brief: Triangle Pharmaceutical
Executive Summary
Triangle Pharmaceutical: Completes second round of private equity financing, raising $18.5 mil. Investors included the Triangle management team, Forward Ventures, McFadden Brothers, Schroder Ventures and Venrock Associates. New investors include Goldman Sachs and The Wellcome Trust. Triangle, based in Durham, N.C., was founded by the team that developed Zovirax and Retrovir at Burroughs Wellcome. Triangle completed its first round of private financing in November, raising $4 mil...