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MacroGenics Raises $25M in Series D-2 Financing
Date:9/25/2008

to use a portion of the financing proceeds to support our promising cancer stem cell program as well as the advancement of our other development programs."

"We have been very impressed with MacroGenics' management team, rich biologics pipeline, technology platforms and proprietary expertise in the area of antibody engineering. The company's recent acquisition of Raven Biotechnologies provides MacroGenics with critical mass in oncology discovery and we're very excited about MacroGenics' opportunities in cancer immunotherapy," said Myoung-Ok Kwon, Ph.D., Partner of Nextech Venture.

About MacroGenics, Inc.

Founded in 2000, MacroGenics is a private, fully-integrated biotechnology company headquartered in Rockville, Maryland that focuses on the development, manufacture and commercialization of immunotherapeutics for autoimmune disorders, cancer and infectious diseases. In October 2007, MacroGenics, Inc. and Eli Lilly and Company (NYSE: LLY) announced a global strategic alliance to develop and commercialize teplizumab, a humanized anti-CD3 monoclonal antibody, as well as other potential next-generation anti-CD3 molecules for use in the treatment of autoimmune diseases. Teplizumab is currently being studied in the PROTEGE trial, a global pivotal Phase II/III clinical trial for individuals with recent-onset type 1 diabetes (for more information, please visit http://www.protegediabetes.org). In July 2008, MacroGenics acquired Raven Biotechnologies, Inc., a privately held biotechnology company in South San Francisco, California, focused on the discovery and development of monoclonal antibody therapeutics for oncology through its cancer stem cell program. MacroGenics' proprietar
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SOURCE MacroGenics, Inc.
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