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Novacta Gets $21M Backing for Antibiotics Development

By Nuala Moran

Wednesday, July 8, 2009
LONDON - Private equity fund Celtic Pharma Holdings II LP is taking control of Novacta Biosystems Ltd., committing to invest up to £13 million (US$21 million) in the antibiotics specialist. The money will be invested in tranches against an agreed upon schedule of milestones in three programs. (BioWorld International)

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