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BioVex Completes Fifth Venture Capital Round

Friday, November 16, 2007 5:15:00 AM PDT | VentureDeal Staff

WOBURN, MA -- Biotech company BioVex, Inc. said that it has closed the second and final closing of its series E funding round, receiving $13 million more to close the total round at $35 million.

BioVex is developing a new class of cancer treatment candidates that spread an oncolytic virus within solid tumors, causing the death of cancer cells.

Investors in the final tranche were Harris & Harris Group, Silicon Valley Bank and Oxford Financing Corporation.  The company said it will use the funds to prepare for Phase III trials of its lead candidate treatment.

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