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AllTranz Raises First Round

AllTranz Inc., a Lexington, Ky.-based developer of patches and gels for delivering pain medications, has raised $860,000 in first-round funding. Participants included the Kentucky Seed Capital Fund, Commonwealth Seed Capital Fund, Bluegrass Angels Venture Fund and undisclosed angels. AllTranz is a spinout from the University of Kentucky. www.alltranz.com