112 Views

Palatin Technologies snags $30 mln

Cranbury, NJ-based biopharmaceutical firm Palatin Technologies has raised about $20 million in a private placement. QVT Financial LP and an unnamed investment fund were the backers. Also, Palatin has secured a $10 million venture loan led by Horizon Technology Finance Corp.

118 Views

Palatin Technologies nets $30 mln

Cranbury, NJ-based biopharmaceutical firm Palatin Technologies has raised $20 million in a private placement. QVT Financial and an unnamed investment fund were the investors. According to terms of the transaction, Palatin sold over 2 million shares of its common stock at $0.75 per share. Also, Palatin has secured a $10 million venture loan led by Horizon Technology Finance Corp.

Acceleron Pharma Inks $30M

Cambridge, Mass.-based Acceleron Pharma Inc. has raised $30 million in financing. The company said that strategic partner Celgene contributed to the round, along with “all other existing investors.” Acceleron has raised capital from Advanced Technology Ventures, Alkermes, Avalon Ventures, Bessemer Ventures, Celgene, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Ventures, QVT Financial, Sutter Hill Ventures and Venrock. The new funds will be used to expand the company’s clinical stage pipeline.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget