SAN FRANCISCO and TAIPEI, Taiwan, July 7 /PRNewswire/ -- US Venture Capital firm Burrill & Company has invested in Taiwan Liposome Company (http://www.tlcbio.com), a Taiwan based company with operations in Taipei and South San Francisco. Taiwan Liposome Company ("TLC"), is a specialty pharmaceutical company with a proprietary drug delivery technology based on a lipid formulation platform.
TLC is developing and commercializing a portfolio of "super-generics" with advantageous delivery or formulation characteristics. Some of these products include TLC's lead product, ProFlow (used to treat peripheral arterial disease and diabetic neuropathy), which is currently undergoing product development and registration in Asian markets. The company's ovarian and breast cancer treatment, Lipo-Dox, is already marketed in Taiwan.
"We believe that TLC's core advantage of applying proprietary drug delivery technology to extend product lifecycles with performance improvements enables TLC to develop and commercialize new formulations of products with significant market potential," said Burrill & Company General Partner, Dr. Ann Hanham. "We are eager to see the wide roll-out of products derived from this technology to treat diseases that would otherwise be difficult to target, such as certain types of cancer," added Marietta Wu, Director, Burrill & Company.
"It is exciting and stimulating for TLC to have Burrill & Company as a new addition to our current investors. We will benefit greatly from Burrill's extensive international experience and expertise, elevating TLC to becoming a global biotechnology company," said TLC Chairman, Dr. Keelung Hong. "Having Burrill & Company on board is a strong and accredited proof of TLC's capabilities and potential, the successful closing of this round of financing w
|SOURCE Burrill & Company|
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