Sugen Inc. has raised $2.3 million in venture funding fromVenrock Associates and CW Group, the company announced.

The Redwood City, Calif., company is developing small-moleculedrugs based on cell surface receptors that act as regulators forcell physiology.

Financier Stephen Evans-Freke, founder of the company,previously raised about $4 million in seed funding through hiscorporate vehicle, International Technology InvestmentManagers.

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