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Mendel Biotechnology, Inc. Announces Completion of Financing



10/15/2007 11:29:06 AM

HAYWARD, Calif.--(BUSINESS WIRE)--Mendel Biotechnology, Inc. (“Mendel”) announced today the completion of a financing round in which ZBI Ventures (the private equity investment arm of Ziff Brothers Investments), Capricorn Investment Group, and CFM became new investors in Mendel. In connection with these investments, a ZBI representative will be joining the board. In addition, Monsanto has made an additional investment in Mendel. Mendel will be using the proceeds to support the growth of its new BioEnergy seeds and feedstock business, as well as the further development of its core technology platforms. The Company also may use a portion of the proceeds to repurchase shares from existing share and option-holders, thereby restructuring the shareholder base of the company.

Read at BioSpace.com


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