| HOME >> BIOLOGY >> TECHNOLOGY |
WALTHAM, Mass., Sept. 6 /PRNewswire/ -- Proteon Therapeutics (http://www.proteontherapeutics.com), a privately held biopharmaceutical company developing novel, first-in-class pharmaceuticals to address the medical needs of patients with renal and vascular diseases, recently completed a $12 million financing with its current investor syndicate. Proteon will use these funds to advance its first product candidate, PRT-201, into human clinical studies in both hemodialysis vascular access and peripheral arterial disease. Proteon's investors include TVM Capital, Skyline Ventures, Prism VentureWorks and Intersouth Partners. Concurrent with the investment, Proteon also announced the addition of Dr. Hubert Birner of TVM Capital and Dr. Garheng Kong of Intersouth Partners to the Proteon Therapeutics Board of Directors.
Additionally, the Company also announced the expansion of its management team with the recent hiring of Mark J. Fitzpatrick as its Vice President and Chief Financial Officer. Mr. Fitzpatrick brings over 17 years of biotechnology industry experience to Proteon.
"This is an exciting time for Proteon Therapeutics as we advance our lead drug candidate, PRT-201, toward clinical studies, and strengthen the company from a financial and human capital standpoint," said Timothy Noyes, Proteon's president and CEO. "We continue to benefit from a strong partnership with our investors and the current financing is evidence of their belief in our science and our team. The outstanding quality of our people and technology are also instrumental in our ability to attract world class talent such as Hubert, Garheng and Mark. Hubert and Garheng are great additions to our Board, and Mark brings tremendous financial and business skills to Proteon."
"Intersouth Partners was pleased to join the other existing investors
in providing additional financing to Proteon as it advances PRT-201 toward
human cl
'/>"/>
| SOURCE Proteon Therapeutics, Inc. Copyright©2007 PR Newswire. All rights reserved |
Related biology technology :
1. Canadian firm buys Proventiv Therapeutics, makes ex-Bone Care exec CEO
2. Sonic Foundry completes $11.25M stock offer
3. Orion Energy completes $5M capital round
4. RedPrairie completes MARC acquisition
5. Metavante completes purchase of check processing firm
6. GE completes $1.2 billion acquisition
7. M & Is Metavante completes Brasfield Corp. acquisition
8. Metavante completes GHR Systems acquisition
9. Metavante completes TREEV acquisition
10. Johnson Controls completes sale of French unit
11. OpGen completes $5 million investment round
| Copyright © 2003-2012 Bio-Medicine. All rights reserved. ABOUT | CONTACT US | DISCLAIMER | PRIVACY POLICY | TERMS AND CONDITIONS |  |