Navigation Links
Divergence Raises $11.8 Million in Series C Financing
Date:2/11/2009

Biotechnology firm Divergence, Inc., a world leader in developing products for the control of parasites in agriculture and medicine, today announced that it has raised $11.8 million in a Series C financing round that will further its efforts to create solutions for one of the major causes of crop yield loss for farmers.

St. Louis, MO (PREWB) February 11, 2009 -- Biotechnology firm Divergence, Inc., a world leader in developing products for the control of parasites in agriculture and medicine, today announced that it has raised $11.8 million in a Series C financing round that will further its efforts to create solutions for one of the major causes of crop yield loss for farmers.

MidPoint Food and Ag Fund LP acted as lead investor in the round. Other institutional investors included Prolog Ventures LP and certain partners of William Blair & Co. The round included 41 returning investors including all members of Divergence's Board of Directors. The financing more than doubles the amount of equity capital raised by the company since its inception.

Proceeds from the financing will be used to advance Divergence's nematicide program. The company is developing molecules for the control of plant parasitic nematodes. Nematode control is the largest unsolved pest problem in agriculture limiting the yield of crops worldwide and causing billions of dollars in crop damage annually. Divergence has discovered the first novel mode of action for this market in more than 20 years. The new molecules feature human and environment safety profiles that are vastly superior to traditional nematicides. The funding will also support the Company's continued development of crops that are resistant to nematodes, as well as its innovative, broad-based research platforms Harvest™, STEM™ and RNA interference.

"This financing, especially given the sophistication of the participat
'/>"/>

Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

0

GOOD

Page: 1 2 3

Related biology technology :

1. Sigma-Aldrich (Nasdaq: SIAL) Reports Fourth Quarter Diluted EPS of $0.68. Ends 2008 With Record Sales and Earnings and Raises Quarterly Cash Dividend by 11.5%. Provides Outlook for 2009.
2. AMERIGROUP Praises Expansion of State Childrens Health Insurance Program (SCHIP)
3. JMAR Technologies Raises Awareness of BioSentry -- A High Tech Counter to Bioterrorism
4. Anacor Raises $50 Million in Equity Financing
5. MichBio Expo Draws Nearly 500 Professionals; Career Day Raises Profile
6. Sensorin Raises Equity Financing to Launch Novel Industrial Sensing Venture
7. Simbionix Raises Largest Amount in Companys History in Venture Capital to Accelerate Growth
8. Vista Partners Updates Coverage on Arana Therapeutics (ASX: AAH; AIM: AAHx), Raises Target Price to AU$1.65
9. Ameristar National Charity Golf Classic Raises More Than $1.1 Million for Buoniconti Fund to Cure Paralysis and Christopher & Dana Reeve Foundation
10. China Sky One Medical, Inc. Raises Guidance for 2008 Revenue and Net Income
11. MacroGenics Raises $25M in Series D-2 Financing
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Divergence Raises $11.8 Million in Series C Financing
(Date:6/18/2013)... 18, 2013 Edison ... firm, announces the initiation of full coverage ... company developing and marketing products for orphan ...      (Logo: http://photos.prnewswire.com/prnh/20130417/608168) Edison ... the investment merits of BioAlliance Pharma, focusing ...
(Date:6/18/2013)... The "Bioinformatics Market By Sector (Molecular Medicine, ... & Data Analysis Services) & Application (Genomics, Proteomics & Drug ... Drivers, Restraints, and Opportunities in North America ... and Rest of World. Browse ... 22 Figures 364 Pages and an ...
(Date:6/18/2013)... MINNEAPOLIS , June 18, 2013  Techne ... today that it has agreed to acquire 100% ... subsidiary Bionostics, Inc. (Bionostics).  Bionostics is a global ... control solutions that verify the proper operation of ... utilized in point of care blood glucose and ...
(Date:6/18/2013)... June 18, 2013 ... announced the addition of the report " ... " to their offering.      ... reviews basics of human genome variations, development ... large and small sequencers are described as ...
Breaking Biology Technology:Edison Expands French Healthcare Sector Coverage With Initiation of Coverage on BioAlliance Pharma 2Edison Expands French Healthcare Sector Coverage With Initiation of Coverage on BioAlliance Pharma 3Bioinformatics Market Worth $7.5 Billion by 2017 2Bioinformatics Market Worth $7.5 Billion by 2017 3Techne Corporation Announces Acquisition Agreement 2Techne Corporation Announces Acquisition Agreement 3Techne Corporation Announces Acquisition Agreement 4Techne Corporation Announces Acquisition Agreement 5DNA Sequencing: Technologies, Markets and Companies - 2013 Report 2
... lot of crap from the academic community for the theory ... Class. To summarize, Dr. Florida says that a citys predisposition ... , ,Some of Richs indexes are controversial. For example, ... the more likely the city is to be economically successful. ...
... assets to stimulate growth , ,MADISON - More than ... Tuesday to hear Madison Mayor Dave Cieslewiczs plan for the ... a model for a forward economy, a 38-page ... as a vision for how Madisons public and private sectors ...
... Inc. announced Thursday that its co-founder, Lance ... chairman in order to focus on the assessment and ... that John J. Puisis , Third Waves president ... and assume overall management of the company. , ,The ...
Cached Biology Technology:The Creative Class from my perspective 2Madisons visionary plan for a healthy economy 2Madisons visionary plan for a healthy economy 3
(Date:6/17/2013)... DETROIT On June 6, professors in Wayne ... only National Science Foundation-funded (NSF) Research Experience for ... undergraduates an opportunity to do cutting-edge research in ... , According to Alexey Petrov, Ph.D., professor of ... Arts, principal investigator and program director of the ...
(Date:6/17/2013)... foundations with more modern elements. Using this same approachbut ... Dietrich School of Arts and Sciences have designed a ... storage, and gas transport more efficient and at a ... issue of the Journal of the American Chemical ... builds upon Pitt Associate Professor of Chemistry Nathaniel Rosi,s ...
(Date:6/17/2013)... Vitamin D supplementation may help delay early onset of ... results were presented Monday at The Endocrine Society,s 95th ... generally begins between the ages of 10 and 14. ... 16 years of age. Precocious puberty is diagnosed in ... 8; in boys, it is diagnosed when these changes ...
Breaking Biology News(10 mins):Wayne State welcomes undergraduates from around the US for physics research experience 2'Chemical architects' build materials with potential applications in drug delivery and gas storage 2Vitamin D supplementation may delay precocious puberty in girls 2
... Fla. (Jan. 28, 2008) According to two studies ... No.10), stroke victims may benefit from human mesenchymal stem ... In both studies, the migration of chemically tagged transplanted ... which the transplanted cells reached damaged areas of the ...
... Bethesda, MD The Biophysical Society has announced the speakers ... Meeting of the Biophysical Society and the International Biophysics ... The new and notable symposium highlights the latest ... nominated and selected by the Societys program committee. ...
... is being so changed by humans that it is now ... a new worldwide overview by Duke University soil scientist Daniel ... Earth now being cultivated for food crops, grazed, or periodically ... a major scientific and policy issue, Richter said. His paper ...
Cached Biology News:Stroke victims may benefit from stem cell transplants 2Biophysical Society announces new and notable symposium speakers 2Earth's soils bear unmistakable footprints of humans 2
... Cap 0 (or Cap 0-like) RNA into ... has been shown to increase in vivo ... improvement is seen in Cap 0 structures ... as well as those Cap 0 structures ...
Form: Concentrated Applications: ELISA...
Form: Ready to use Applications: ELISA...
RABBIT ANTI HALOPERIDOL...
Biology Products: