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Excelimmune, Inc. Receives $1 Million in Series-B Funding



2/11/2010 9:35:58 AM

WOBURN, Mass.--(BUSINESS WIRE)--Excelimmune, Inc. announced today they have received a $1 million investment as part of an open Series-B financing round. The investment comes from a mixture of existing and new investors. Proceeds from the financing will be used to continue studies of the company’s first drug candidate, Staphguard, a human recombinant polyclonal antibody (HRPA) against methicillin-resistant Staphylococcus aureus (MRSA). In September 2009, Excelimmune was awarded a Small Business Innovation Research (SBIR) Phase I grant from the National Institutes of Health (NIH) to develop a HRPA against Clostridium difficile.

Read at BioSpace.com


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