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Biolex Lands Venture Capital Debt Facility

Tuesday, July 29, 2008 5:46:00 AM PDT | VentureDeal Staff

Pittsboro, North Carolina -- Biotechnology company Biolex announced that it has secured $10.5 million in venture debt.

Biolex is developing and commercializing proprietary advanced protein expression and technology for the development of human therapeutics.

Lenders in the round were Silicon Valley Bank and Oxford Finance Corporation.  The company said it would use the proceeds to help fund its pipeline development.

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