VC: Biolex leads with $36M in round 2
Biolex leads with $36 million second round.
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VENTURE CAPITAL |
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COMPANY |
AMOUNT/ROUND |
LEAD INVESTORS |
DESCRIPTION |
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Biolex Therapeutics
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$36 million
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Polaris Venture Partners |
Locteron, a controlled-release formulation of recombinant human alfa interferon, is expected to enter Phase I clinical trials later this year. |
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TargeGen
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$30 million
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BB Biotech Ventures |
TargeGen is focusing on the development of small molecule kinase inhibitors for the treatment of edema and angiogenesis related diseases. |
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Algeta
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$29 million
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HealthCap |
The funds raised will support the continued development of the company's lead product candidate, Alpharadin, through its ongoing Phase II clinical trials and into pivotal Phase III trials as a potential new treatment for bone metastases arising from primary prostate cancer. |
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Inotek Pharmaceuticals
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$25 million
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Pitango Venture Capital |
Inotek has seven products in pre-clinical or clinical development targeting oncology, cardiovascular, and inflammatory diseases. |
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Xigen
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$21 million
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Tilocor Life Sciences, Venture Incubator, Initiative Capital |
Xigen will take its lead compound, XG-102, into the clinic in 2006 for the treatment of stroke. |
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OncoMed Pharmaceuticals
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$13.9 million
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Latterell Venture Partners, US Venture Partners |
Research focuses on destroying cancer stem cells that spread to other tissues and seed the metastases that ultimately may claim the life of the patient. |
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SpinX Technologies
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$12.5 million
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Bio Fund Management |
The funds raised will support the further development and initial commercialization of SpinX's "programmable microfluidics" platform to perform biological assays. |
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ISTO Technologies
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$10 million
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Zimmer Holdings |
ISTO is developing cell-based therapies that team with the body's resources to heal, regenerate, and restore full function to damaged cartilage. |
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Allylix
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$1.5 million
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Bluegrass Angels |
Allylix is focused on the development and commercialization of terpenes, a class of natural chemicals found in plants. |
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