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AlloCure Scores Series A Venture Capital Round

Monday, July 07, 2008 6:03:00 AM PDT | VentureDeal Staff

Salt Lake City, Utah -- Medical device company AlloCure announced that it has secured $14.5 million in series A venture capital funding.

AlloCure is developing cell therapies for what it says is a novel and proprietary class of biological therapeutics.  It's most advanced therapies target acute kidney injury, kidney transplantation and multi-organ failure.

SV Life Sciences led the round, which included Novo A/S.  The company said it would use the new investment to fund its acute kidney disease therapy through phase 2 clinical trials over the next three years.

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