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IRX Gets $25 Million In First Financing Effort

Wednesday, June 04, 2008 5:59:00 AM PDT | VentureDeal Staff

New York, New York --  Biotechnology company IRX Therapeutics announced that it has received $25 million in its first institutional capital funding round.

IRX is developing drugs that stimulate the TH1-specific cellular immune response in human diseases, which is essential for the elimination of most viruses in tumors.

The company did not disclose participating investors.  It did say that the new funding will be used to continue to develop its cancer and viral disease product platform, which includes the IRX-2 (citoplurikin) lead cancer treatment candidate.

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