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Sequoia-Backed Sai Advantium Lands $20M From MPM Capital

Posted on May 17, 2008

MPM Capital, the largest venture capital investor dedicated solely to healthcare, has made a $20 million investment in Hyderabad-based Sai Advantium Pharma, a chemistry-driven drug discovery and development service company. This is the first investment by MPM Capital in India.As part of the deal, MPM Managing Director William Greene is joining Sai Advantium s Board of Directors. In 2007, Sequoia Capital had picked up a minority stake in Sai with an investment of $12.5 million (as reported first by VC Circle) .MPM intends to help the company tap biotech firms in its own network, besides big p...

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