Navigation Links
Aerovance Secures $20 Million in Debt Financing
Date:3/28/2008

BERKELEY, Calif., March 28 /PRNewswire/ -- Aerovance Inc. today announced it has secured $20 million in venture debt financing. Oxford Finance Corporation led the syndicate, which includes Silicon Valley Bank and Comerica Bank. Aerovance drew down $10 million from the financing line at closing. The remaining $10 million is available upon the achievement of corporate milestones.

"This financing reflects continued interest and enthusiasm in Aerovance and our clinical programs," said Mark Perry, Aerovance's president and chief executive officer. "With this additional capital, we will continue to pursue our strategic goals, including a global partnership for our lead program, Aerovant(TM), and to build value in the company through development of our respiratory and inflammatory disease candidates."

Aerovant(TM) is a recombinant human IL-4 variant that is a potent inhibitor of both the IL-4 and IL-13 receptors. Aerovance acquired the worldwide rights to the drug candidate when the company was formed as a spin-out of Bayer Pharmaceuticals Corporation in 2004.

Aerovance Inc. is a Berkeley, Calif.-based biopharmaceutical company focused on the development and commercialization of breakthrough therapies for the treatment of respiratory and inflammatory diseases. For more information, visit http://www.aerovance.com.


'/>"/>
SOURCE Aerovance Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1

Related biology technology :

1. Amarin Secures Global Intellectual Property Rights for Lipid Programs
2. Ranier Technology Secures GBP8m Funding for its Cadisc Replacement Spinal Discs
3. Halogen Announces Record Year - Company Solidifies Leadership Position, Secures Strategic Wins Over Competition
4. Taligen Therapeutics Secures Series B Financing
5. Neptune Technologies & Bioressources Inc. Secures Access to Nationwide Consumer Mass Market in the United States
6. Dendreon Secures $130 Million Committed Equity Financing Facility
7. Apollo Endosurgery, Inc. Secures $11.5 Million in Series A Financing.
8. Altheus Therapeutics Secures $3.6 Million in Venture Capital
9. Weil Gotshal Wins Major Victory for Applera; Secures Summary Judgment Invalidating Three Patents
10. Hyperion Therapeutics Secures $40 Million In Series B Round
11. Microchip Biotechnologies, Inc. Secures Exclusive License to Use New University of Alberta Technology for Developing Microfluidic Devices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... , Feb.10, 2016 ASAE is introducing a ... Management Companies (AMC) the option of joining or renewing ... fee determined by staff size, every employee in any ... ASAE and reap all available member benefits.   ... new organizational membership options will allow organizations of any ...
(Date:2/10/2016)... ... February 10, 2016 , ... Benchmark Research, a fully-integrated ... of two long-standing principal investigators (PI) to the roles of Chief Medical Officer, ... , Dr. Laurence Chu, a Benchmark Research PI in the Austin office, will ...
(Date:2/10/2016)... (PRWEB) , ... February 10, 2016 , ... ... now available on Microsoft Azure. On Azure, Arvados provides capabilities for managing and ... clear demand for Microsoft Azure from major institutions collecting and analyzing genomic data,” ...
(Date:2/9/2016)... FALLS, N.J. , Feb. 9, 2016 /PRNewswire/ ... a biotechnology company specializing in the development and ... health of damaged tissues and organs, recently reported ... for the first quarter of 2016. ... began the new 2015 fiscal year in the ...
Breaking Biology Technology:
(Date:1/20/2016)... Calif. , Jan. 20, 2016  Synaptics ... of human interface solutions, today announced sampling of ... solution for wearables and small screen applications including ... as printers. Supporting round and rectangular shapes, as ... offers excellent performance with moisture on screen, while ...
(Date:1/13/2016)... , January 13, 2016 ... the addition of the  "India Biometrics ... & Forecast (2015-2020)"  report to ... ) has announced the addition of ... Market - Estimation & Forecast (2015-2020)" ...
(Date:1/8/2016)... January 8, 2016 NXTD ), ... WorldVentures ® , a privately held leading direct seller ... Inc. 5000 fastest-growing company announced that on December ... $2 million in Nxt-ID to develop a proprietary new ... Wocket ® , a unique smart wallet that serves ...
Breaking Biology News(10 mins):