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With Cancer Drug in Trials, Mersana Therapeutics, Inc. Gets $6 Million


4/22/2011 7:09:53 AM

Mass High Tech -- Mersana Therapeutics Inc has raised $6 million of a planned $10 million debt round with private investors, the company reported in a regulatory filing on Thursday. The Cambridge company develops medicines using a proprietary, biodegradable polymer it calls Fleximer. Last month, Mersana announced it had moved a cancer treatment, XMT-1001, forward in clinical trials, beginning a Phase 1b extension study of its treatment for second-line gastric cancer and second- and third-line non-small cell lung cancer.

Read at Mass High Tech

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