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ProGenTech Completes $21 Million Series C Financing
Date:4/2/2008

DS. He was also the Director of the US DOE Joint Genome Institute, and led the DOE's efforts to sequence the Human genome. Dr. Hawkins said, "This is a once in a lifetime opportunity to truly change the life science and medical diagnostics markets. The combination of the ProGenTech technology, our China manufacturing and innovation, and our growing customer base is a great starting point to shift the global healthcare dynamic. Our two new institutional investors have been great to work with, and we look forward to taking this company forward together."

Fred Craves, Managing Director of Bay City Capital, said, "Bay City Capital is pleased to announce our first investment in China, ProGenTech, in partnership with DT Capital of Shanghai. ProGenTech has an experienced market-savvy founders group. They identified a valuable market need and have delivered the technology to provide a solution. The addition of an industry- recognized CEO to provide global commercial strategy and leadership positions ProGenTech for rapid market penetration and success."

About ProGenTech

ProGenTech is a life science company based in Shanghai, Suzhou and Emeryville California. Established in 2005, the company has 40 employees today. Their first product, the Entura, was launched in Asia in November 2007. Additional information about ProGenTech can be found at http://www.progentech.com.

About Bay City Capital

Bay City Capital is a life sciences venture capital firm investing in opportunities across the various life sciences sectors in companies at all stages of development. Established in 1997, the firm has managed six venture capital funds representing $1.5 billion in capital commitments. Bay City Capital has invested in over 70 companies to date and is actively seeking new investment opportunities. Additional information about Bay City Capital can be found at '/>"/>

SOURCE ProGenTech, Ltd.
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