Avid Radiopharmaceuticals, Inc. Closes $26 Million Series C Financing

PHILADELPHIA--(BUSINESS WIRE)--Avid Radiopharmaceuticals, Inc., a molecular imaging company, today announced the closing of a $26 million Series C financing. This financing was co-led by AllianceBernstein LP and Safeguard Scientifics, Inc. (NYSE: SFE), with additional funding provided by previous Avid investors, including Pfizer Strategic Investments Group (investment group of Pfizer, NYSE: PFE) Lilly Ventures (venture arm of Eli Lilly, NYSE: LLY), RK Venture Group, and BioAdvance (Biotechnology Greenhouse of Southeastern Pennsylvania).

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