Financings in Brief: Mitokor
This article was originally published in The Gray Sheet
Executive Summary
Mitokor: San Diego-based company completes a $10.6 mil. venture capital financing. Investors include Alta Partners, Sofinnova, Sorrento Ventures, Peter Preuss, El Dorado Ventures, MDS Health Ventures and Donovan Investment. The biotech company, formerly known as Applied Genetics, focuses on identifying the role of mitochondrial DNA in degenerative diseases such as Alzheimer's, Parkinson's and diabetes. Mitokor says it is "completing development" of a blood-based diagnostic assay for Alzheimer's. The test "identifies mtDNA mutations which appear in approximately 70% of all Alzheimer's cases," the firm says...