Synageva gets new investors

5 May 2009

US privately-held Synageva BioPharma has added two new investment groups as part of the second closing of its financing. This transaction  follows the initial funding of $30.0 million announced on April 15. The  total financing raised between the two closings is more than $33.0  million. The new investor groups participating in the second closing are  Yasuda Enterprise Development, based in Tokyo, Japan, and Hunt  BioVentures, located in Dallas, Texas.

Yasuda is one of the largest and most-experienced venture capital firms  in Japan. With more than $900.0 million currently under management,  Yasuda has supported more than 200 initial public offerings since its  inception, said Synageva.

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