Pe­ter Thiel joins fund­ing round for pep­tide drug play­er in lat­est swing at emerg­ing biotech mar­ket

For ven­ture cap­i­tal­ists work­ing in ear­ly-stage biotech, fail­ures are more com­mon than vic­to­ries as in­vestors search for nov­el path­ways to treat well-trod­den ther­a­peu­tic ar­eas. For the big-name in­vestors, that’s equal­ly true — but if your name’s Pe­ter Thiel, a cer­tain grav­i­ty and high ex­pec­ta­tions come with your mon­ey.

Bil­lion­aire tech en­tre­pre­neur and Face­book co-founder Thiel has joined a $35.4 mil­lion Se­ries B round for Pep­ti­log­ics, a pep­tide drug de­sign and de­vel­op­ment biotech, as the com­pa­ny looks to ex­pand on its lead an­ti-in­fec­tive can­di­date and tar­get more drugs for mar­ket.

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