Organization: 5AM Ventures

Variation Biotech lands US$37.5 million in financing

Ottawa-based Variation Biotechnologies Inc (VBI) has secured US$37.5 million in Series A financing to move its vaccine program into clinical development with an initial focus on influenza. Clarus Ventures is the lead investor in a syndicate including ARCH Venture Partners, 5AM Ventures and existing seed investors. Founded in 2001, the privately held firm has early-stage…