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BioLeap Jumps With $5 Million Series A Venture Funding

Thursday, January 14, 2010 5:53:00 AM PDT | VentureDeal Staff
New Hope, Pennsylvania  --  Biotechnology development company BioLeap has raised $5 million in its first round of institutional venture capital financing.

BioLeap has developed its own technology platform to "identify and optimize lead compounds where other approaches have not been successful."

Investors in the round were Adams Capital Management and Quaker BioVentures.  The company said it would use the funding to continue development of its computational fragment-based drug design technology and for business development.

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