Dec 21 2010
Leader Ventures, an investment firm offering blended debt and equity financing, today announced equipment financing to Carmot Therapeutics Inc., an innovative drug discovery company.
Chemotype Evolution, Carmot's proprietary drug-discovery platform invented by Carmot co-founders Stig K. Hansen and Daniel A. Erlanson while at Sunesis, is being used to identify promising drug candidates in a broad range of therapeutic areas.
"Leader's flexibility and understanding of our needs has been a tremendous source of support for Carmot, not only financially," said Stig K. Hansen, CEO at Carmot Therapeutics Inc. "We're looking forward to continuing to work with Leader Ventures as we grow and lead innovation in drug discovery."
"The leadership team is what first attracted us to Carmot," said Brian Best, managing director at Leader Ventures. "We then learned about the Chemotype Evolution technology platform making rapid identification of compounds for a wide variety of challenging disease targets a reality."
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