Genentech Grabs Afraxis, Inc. Compound Rights for Up to $187.5 Million
Published: Jan 30, 2013
"Afraxis has secured this relationship with Genentech only five years after founding the company as part of Avalon's life sciences portfolio," said Jay Lichter, Ph.D., president and CEO of Afraxis, and managing partner of Avalon Ventures. "Avalon's approach to investing in companies at the earliest stages and staying actively involved in company management is proving to be a successful strategy for life science investing."
About Afraxis, Inc.
Afraxis, Inc. is a San Diego-based biotechnology company fully funded by Avalon Ventures.
For more information visit the Afraxis Web site: www.afraxis.com
SOURCE Afraxis, Inc.