Pulmonary arterial hypertension therapy business Morphogen-IX has been backed by Cambridge Enterprise and Cambridge Innovation Capital in a $23.3m round.

Morphogen-IX, a UK-based developer of pulmonary arterial hypertension treatments based on University of Cambridge research, closed an £18.4m ($23.3m) series B round featuring the Cambridge Enterprise tech transfer office (TTO) yesterday. Cambridge Innovation Capital, the patient capital fund founded by University of Cambridge, also took part in the round, which was led by life sciences-focused…

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