Who’s Getting Financed This Week…
March 11, 2009 at 9:57 pm EST | Tags: Financing, Stem Cells
-Bangalore, India-based Cellworks received a $10M investment from an undisclosed
U.S. private equity investor. Founded in 2005, Cellworks is working on the iC-PHYS
system which enables drug and biomarker R&D. The technology is
designed to provide a readout of inter and intra cellular processes
and pathways allowing for a “what-if” analysis in an automated
high-throughput methodology. The company also has offices based in
California. [LiveMint]
-Regenerative medicine company, Cytori Therapeutics Inc (NASDAQ: CYTX) raised $10 million in a registered direct offering of 4.8 million units at $2.10. The company also announced this morning that it received a patent covering methods of cooling and cryopreserving stem and regenerative cells processed by the Celution System. [The Earth Times]
-Finally, Stemgent raised $14M earlier this week from HealthCare Ventures and Morgenthaler Ventures. Stemgent plans to sell proprietary reagents, consumable materials and tools for stem cell researchers. [Xconomy]
Image from cellworksgroup



