The Draths Corp., an Okemos Mich.-based “green” bio-chemical engineering company, announced that it has raised $5 million in Series B funding from Khosla Ventures. peHUB reported on the deal last month, based on a regulatory filing. Draths aims to produce a key building block to anti-influenza drug Tamiflu, and also to develop new anti-influenza drugs to deal with potential viral resistance.
It previously had received a $1 million seed investment from Brad Greenspan, former chairman and CEO of Intermix Media (i.e., MySpace). Greenspan also sits on the Draths board of directors, alongside Samir Kaul of Khosla. www.drathscorporation.com