Article: CombinatoRx Raises $40M In Series C To Fund Clinical Trials.

Senior Staff Writer

Moving at the pace of a busy bartender, CombinatoRx Inc. raised $40.3 million in its Series C round of financing and is poised to enter the clinic less than three years after officially opening its doors in March 2000.

Joanna Horobin, executive vice president and chief operating officer at CombinatoRx, said there were certain elements of the company that allowed for the round of notable size.

"One of the first keys is that we are doing something that is really novel and different," she told BioWorld Today. "The second thing is the speed with which the company has done what it set out to do two years ago."

Two years ...

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