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25
Mar
TODAY’S HEADLINES:
- Antibody-discovery startup Adimab raises new funding (release)
- Inogen takes in $13M for portable oxygen device (VentureWire)
- Healthcare IT concern Medaptus raises $11M for expansion (VentureWire)
- Halsa Pharma gets $250K for “natural” obesity-control treatment (release)
- Diagnostics provider Lab21 acquires NPTech (peHUB)
- Galil Medical names Martin Emerson CEO (release)
Antibody-discovery startup Adimab raises new funding – Lebanon, N.H.-based Adimab, a biotech working on new ways to discover antibody drugs, has raised a second round of funding. The company didn’t disclose the size of the round.
Adimab, which raised $6 million last July, is one of several startups looking to design new antibody drugs in bioengineered yeast cells, as we wrote at the time. The technique promises to be much faster — and freer of patent restrictions — than current methods. When Adimab completes its current manufacturing facility in the second quarter, it claims it will be able to produce a panel of human antibodies against a particular target in just 90 days.
Investors included Polaris Venture Partners and SV Life Sciences, who also invested in the company’s first round.
Inogen takes in $13M for portable oxygen device – Inogen
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