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Mersana Secures $4 Million Venture Debt Funding

Monday, October 27, 2008 5:36:00 AM PDT | VentureDeal Staff

Cambridge, Massachusetts -- Pharmaceutical company Mersana announced that it has received $4 million in a new round of venture debt financing.

Mersana (formerly Nanopharma Corp.) is developing oncology agents based on Fleximer, a material that enhances the strength and safety of drugs.

Fidelity BioSciences made the investment. The company did not disclose how it would use the funding proceeds.

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