Xigen raises $21M in first round

Switzerland's Xigen garnered $21 million in its first round, with Tilocor Life Sciences, Venture Incubator and Initiative Capital joining as investors. Xigen has been researching a new class of peptide therapeutics for the treatment of stroke, myocardial infarction and cancer.

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PLUS: Switzerland's SpinX Technologies has rounded up $12.5 million in its second round of venture capital. SpinX makes technology used to perform biological assays. The round was led by Bio Fund Management. Release