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ProNAi Closes Bridge Funding of $6.65 Million

Wednesday, October 25, 2006 12:00:00 AM PDT | VentureDeal Staff

KALAMAZOO, MI --

ProNAi announced today that it has closed a funding round totaling $6.65 million. The round included investments from the Michigan Economic Development Corp, Apjohn Ventures, Amherst Fund, Grand Angels and Sigvion Ventures.

The company plans to use the funding to continue development of its leading drug candidate, PNT-100, which is a new class of nucleic-aced drugs based on DNA interference. They expect to submit the new candidate to the FDA in 2007.

ProNAi was founded in 2004 and has received $11 million to date.

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