Polaris’ XTuit Pharma Raises $1.5 Million

Alan Crane

XTuit Pharmaceuticals Inc. has raised $1.5 million via sale of shares to two investors, according to an SEC filing.

The Waltham-based Xtuit, founded in 2011 by Harvard professor Rakesh Jain, MIT professor Bob Langer and Polaris partner Alan Crane, is developing new cancer therapies by targeting the tumor microenvironment, and for treating inflammatory diseases.

The filing names Jain and Langer as directors of the company.

Polaris Partners, founded in 1996, has made investments in successful companies like Akamai, Allaire, Alnylam, Automattic, JibJab, LogMeIn, PowerSoft, QuantCast, Sirtris and SolidWorks. Its portfolio includes digital media, life sciences and enterprise software companies.

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