Tengion has raised $39 million in its first round of venture capital. The King of Prussia, Pennsylvania-based company has been developing a technique to make new organs and tissues from patient's cells to replace damaged organs and tissues. "Based on more than 15 years of research and an extensive intellectual property foundation licensed from the Children's Hospital Boston, the pediatric teaching hospital of the Harvard Medical School and the Massachusetts Institute of Technology, Tengion is now well positioned to advance its science into the clinic," said Steven Nichtberger, MD, president and CEO of Tengion.
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