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Argos Therapeutics Raises $35 Million Series C

Thursday, April 24, 2008 5:54:00 AM PDT | VentureDeal Staff

DURHAM, NC -- Biotechnology company Argos Therapeutics, Inc. announced the close of its third venture capital funding, receiving $35.2 million in new investment from a syndicate of firms.

Argos is developing a new generation of cancer and infectious disease therapeutics that "trains" the human immune system to recognize and attack the disease.

TVM Capital led the round, which included the Morningside Group, Forbion Capital Partners, Intersouth Partners, The Aurora Funds, GeneChem and others.

Proceeds from the financing will be used to fund Phase II of the company's Arcelis immunotherapy candidate trials.

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