NextWave Raises $40 Million

NextWave Pharmaceuticals Inc., a < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Buffalo Grove, Ill.-based pediatric drug company, has raised $40 million in Series B funding, according to VentureWire. Return backers included Sofinnova Ventures and Vivo Ventures, which had participated in a $10 million Series a round in 2005. www.nextwavepharma.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />