Acadia Raises $10.7M From European Investors

Nov 21, 1998

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SAN DIEGO, Calif.--Acadia Pharmaceuticals, a privately held genomics drug discovery company headquartered here, with chemical research facilities in Copenhagen, raised nearly $10.7 million through a private placement of stock in late August. ABN AMRO Ventures, Amsterdam, led the financing, which also included participation from leading Swedish institutional investors. Danish institutional investors included previous Acadia investors Dansk Kapitalanlaeg, Municipal Employees Life Insurance, and LD Pensions.

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