NGM Bio closes in on $51M to treat metabolic diseases

NGM Biopharmaceuticals, a medical startup looking to treat metabolic disorders like type 2 diabetes, has brought in an undisclosed amount of capital toward its goal of a $51 million second round of funding. Based in South San Francisco, the company is backed by the Column Group, Tichenor Ventures, Prospect Venture Partners and Rho Ventures.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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