Article: Plexxikon Gets $15M Investment For Diabetes Drug Development.

Senior Staff Writer

Plexxikon Inc. raised $15 million in venture financing to complete a Series B extension round.

The Berkeley, Calif.-based company said the funding would accelerate clinical development plans for its lead product, PLX204. Still in toxicology studies designed to support an investigational new drug application in the fourth quarter, the peroxisome proliferation-activated receptor (PPAR) pan-agonist compound is being developed for diabetes and related cardiovascular complications.

"Our investors have been tracking the company for some time and have seen us establish the platform from the get-go, not only with our internal ...

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