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MacroGenics Closes $25 Million Venture Capital Round

Friday, September 26, 2008 5:34:00 AM PDT | Venturedeal Staff

Rockville, Maryland  --  Biotechnology company MacroGenics announced that it has raised $25 million in a new round of venture capital financing from a syndicate of firms.

Macrogenics is focused on developing immunotherapeutics for autoimmune disorders, infectious diseases and cancer.

Investors in the round included Innovis Investments, Alexandria Real Estate Equities, Alta Partners, InterWest Partners, OrbiMed, Red Abbey Venture Partners, Rivervest Venture Partners and Ventures West.

The company said it would use the proceeds from the financing to fund its cancer stem cell program and further advance its other candidate portfolio.

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