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A Regulatory Drama

Phenomix: How Everything Right Can Go So Wrong

By Arlene Weintraub

Monday, November 15, 2010
In October 2008, Phenomix Corp. seemed to be on top of the biotech world. After raising $165 million in venture capital to develop its Type II diabetes compound, dutogliptin, the San Diego start-up scored a development deal with Forest Laboratories Inc. potentially worth $340 million.

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