Saturday, December 16, 2006

Biotech and Medical Venture Deals Roundup

by Adam Rubenstein



Softscope Medical Technologies, Inc. (St. Louis Park, MN) an early stage medical device company developing improved endoscopic procedures, has completed a $4M Series A financing. The round was led by Thomas, McNerney & Partners and Accuitive Medical Ventures.


VIRxSYS Corporation (Gaithersburg, MD), who is developing genetic therapies for HIV and cancer, closed a $20M Series G round of financing, the company has raised a total of $87M to date. The financing will be used to support research and clinical programs including VRX496, a gene-based immunotherapy for the treatment of HIV. Phase II clinical trials of VRX496 are underway. Financial backers were not announced.

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Related BHI articles:
- Dec 09: Biotech & Medical Venture Deals Roundup
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