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Receptos Completes $25M Series A Financing

Experienced drug hunters armed with structure-based G Protein-Coupled Receptor (GPCR) drug discovery technology from The Scripps Research Institute

San Diego, CA, November 23, 2009 – 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 company’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.