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Cambridge-based Ligon Discovery Raises $1M in Seed Funding
Date:11/19/2009

companies and life-saving products is what makes Massachusetts the hub for innovation in the life sciences."

About Ligon Discovery

Ligon Discovery is a Harvard spinout that leverages a patented platform technology to identify pre-clinical drug candidates. The company's high-throughput microarray "chip" transforms the speed of the drug discovery process and expands the scope of new drug prospecting to include previously intractable targets. The team has deployed the SMM technology, originally invented at Harvard University and further developed at the Broad Institute (founded by MIT and Harvard University) in Cambridge, and has established one of the largest small molecule screening capabilities in the industry. Using this facility, Ligon has successfully completed screens in the fields of coagulation and cancer, and is actively pursuing drug discovery in other areas of high unmet medical need. For more information, visit www.ligondiscovery.com.

About incTANK Ventures

incTANK Ventures invests in Boston area technology ventures with strong intellectual property and compelling market opportunities emerging from premier universities and research institutions. Funded innovations are often inter-disciplinary and span the applied sciences including biotechnology, life sciences, materials science, and computational science. Existing portfolio companies include Agrivida, which applies genomic technology to sugar/biofuel production, and AgaMatrix, which applies audio signal processing technologies to blood glucose monitoring. For more information, visit www.inctank.com.

About the Massachusetts Life Sciences Center

The Massachusetts Life Sciences Center (MLSC) is a quasi-public agency of the Commonwealth of Massachusetts tasked with implementing the Massachusetts L
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SOURCE Ligon Discovery, Inc.
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