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Convoy Therapeutics Looks to Raise $27 Million


10/18/2013 8:26:58 AM

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Convoy Therapeutics, a biotech company focusing on skin treatments, is putting together a syndicate to raise $27 million that would be used to fuel the company’s growth. This would be the Arizona company’s second round of financing, with $5 million raised during its first round. Convoy would use about 30 percent of the new funds to hire a sales force and marketing team and develop a pipeline of additional drugs that would target psoriasis and later eczema.

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