June 13, 2008

Arbovax closes $1.43M first round

Filed under: Regional Venture News — admin @ 11:24 am

Raleigh, NC - Vaccine developer Arbovax Inc. has closed its Series A round with a total investment of $1.43 million, led by Piedmont Angel Networks with additional investment from The Research Development Foundation, Carson City, Nevada and Mario Family Partners. (more…)

June 4, 2008

Battelle Ventures Broadens Life Sciences Portfolio; Creates NellOne

Filed under: Regional Venture News — admin @ 11:16 am

PRINCETON, N.J.– Battelle Ventures, LP, has spun out regenerativemedicine start-up NellOne Therapeutics, Inc. (NellOne), from the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL), with an initial $1.5-million seed
investment from the fund and its Tennessee affiliate, Innovation Valley Partners.The investment will be tranched based on key technical milestones. (more…)

June 3, 2008

Oni BioPharma raises $2.6M equity financing

Filed under: Other Regional News — admin @ 11:07 am

ALACHUA, FL - Oragenics Inc. (ONI BioPharma Inc.) (AMEX: ONI) has entered into a definitive financing agreement providing for equity financing of $2,600,000 consisting of common stock at 45 cents per share and warrants with an exercise price of $1.30 per share. (more…)

June 2, 2008

EnzySurge, maker of DermaStreamâ„¢, Completes Funding Round of US $4 Million

Filed under: Regional Venture News — admin @ 11:04 am

Richmond, VA. USA / Rosh Ha’Ayin, Israel, June 2nd, 2008 – EnzySurge Ltd. (EnzySurge), a provider of innovative solutions for advanced chronic wound management, announced today that it successfully completed its latest round of funding of US $4 million. The round was extended from $2 million, as was announced on January 2008, to $4 million and was led by Eli Gilboa from Gilboa&Licht, who is the company’s chairman. To date, the company has raised a total US$7.3 million. With this additional capital, the company will be positioned to execute on its plan to commercialize its products, for market launch in early 2009. The addressable market for DermaStreamâ„¢ advanced wound care products is estimated by industry analysts to be US$6 billion. (more…)