DUBLIN, Ohio--(BUSINESS WIRE)--Macrophage Therapeutics, Inc., a subsidiary of Navidea Biopharmaceuticals, Inc. (NYSE MKT: NAVB), today announced definitive agreements have been executed for its previously announced $2.5 million round of standalone financing and the funding process is underway. The proceeds will be used for pipeline development, general working capital and recruitment of a scientific advisory board that will counsel and recommend the initial therapeutic applications of Navidea’s Manocept™ platform technology.
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