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

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.