Hercules Technology’s Portfolio Company, Portola Pharmaceuticals, Inc., Has Entered Into a Worldwide License Agreement With Novartis AG

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC), the leading specialty finance company providing venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development, today announced that one of its portfolio companies, Portola Pharmaceuticals, Inc., has entered into an exclusive worldwide license agreement with Novartis. The agreement is to develop and commercialize elinogrel, Portola's novel, proprietary intravenous (i.v.) and oral P2Y12 ADP receptor antagonist currently in Phase 2 clinical development.
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