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Financings Roundup

Facebook-Backing Venture Fund Dips a $10M Toe into Biotech

By Catherine Shaffer
BioWorld Today Contributing Writer

Tuesday, December 27, 2011
PharmacoFore Inc., of San Carlos, Calif., received a $10 million equity financing from a venture fund operated by magnates from the social networking world. Founders Fund partner Ken Howery was a co-founder of PayPal, and its roster of partners includes notable PayPal and Facebook execs. Companies in its portfolio include Facebook, Spotify and SpaceX.

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