Deal Announcements

Allozyne Closes $30 Million In Second Round Funding

Monday, October 29, 2007 5:00:00 AM PDT | VentureDeal Staff

SEATTLE, WA -- Biotechnology company Allozyne, Inc. said that it has successfully closed its series B financing, receiving $30 million in new investment from a syndicate of venture capital firms and a strategic investor.

Allozyne is focused on modifying recombinant proteins and monoclonal antibodies in the hope that their research will result in improved efficacy of protein-based therapeutics.

Investors in the round included lead investor MPM Capital, OVP Venture Partners, ARCH Venture Partners, Amgen Ventures and Alexandria Real Estate Equities.

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