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Operates as a biopharmaceutical company.
Year Established: | |
Funding: | 25 |
Address: | San Diego, CA 92121 |
Telephone: | 2147483647 |
Mobile: | |
Fax: | (858) 587-2659 |
Mail: | info@receptos.com |
Company URL: | http://www.receptos.com |
San Diego CA November 23 2009 ââ¬â Receptos Inc. a privately held biopharmaceutical company announced the closing of a two-tranche $25 million Series A financing. The company is focused on identifying and developing best- and first-in-class GPCR therapeutic candidates through information-driven drug discovery including GPCR structure. Investors include ARCH Venture Partners Flagship Ventures Lilly Ventures and Venrock. The Series A capital will support the companyââ¬â¢s lead sphingosine-1-phosphate receptor 1 (S1P1) clinical candidate through Phase 1 human clinical trials development of a second IND candidate as well as the select partnering of the proprietary technology platform for GPCR drug discovery and development.
ARCH Venture Partners,Flagship Ventures,Lilly Ventures (FKA: e.Lilly Ventures),Venrock Associates
William H. Rastetter, Ph.D.
CEO, Executive Chairman of the Board and co-Founder
In addition to his roles as CEO and Chairman of the Board at Receptos, Dr. Rastetter has served since 2006 as Partner at Venrock, a premier venture capital firm. Prior to Receptos and Venrock, Dr. Rastetter was Executive Chairman of Biogen Idec, from the merger of the two companies in 2003 through the end of 2005. He joined Idec Pharmaceuticals at its founding in 1986 and grew it to a multi-billion-dollar market valuation company, while serving as Chairman and CEO. Prior to Idec, he was Director of Corporate Ventures at Genentech, Inc. and served as well in a scientific capacity at Genentech. Dr. Rastetter also serves as the Chairman of Illumina, Inc. Adding to his corporate background, Dr. Rastetter held various faculty positions at MIT, won the award for