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Proteon Therapeutics Raises $12 Million Second Round

Tuesday, June 02, 2009 5:49:00 AM PDT | VentureDeal Staff

Waltham, Massachusetts  --  Biotechnology company Proteon Therapeutics has received $12 million in its second round of venture capital financing.

Proteon is developing what it calls "PRT-201, a novel human recombinant protein that permanently dilates segments of blood vessels, blocks vasospasm, and reduces the formation of vascular scarring."

Bessemer Venture Partners and Devon Park BioVentures made the investment. The company did not disclose how the funding proceeds would be used.

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