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Ablexis Accepts $12 Million Venture Capital Funding

Thursday, June 03, 2010 5:29:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Biotechnology company Ablexis has secured $12 million in its first round of venture capital financing.

Ablexis is developing a proprietary transgenic mouse platform to assist in the discovery of human therapeutic antibodies.

Third Rock Ventures led the round, which also included Pfizer Strategic Investments.  The company said it would use the proceeds to continue advancing the development of its platform.

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