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ImaginAb Banks Series B Venture Capital Funding

Monday, May 12, 2014 5:45:00 AM PDT | VentureDeal

   Inglewood, California  --  Medical device technology company ImaginAb has secured $21 million in its second round of institutional venture capital investment.

ImaginAb reengineers therapeutic antibodies against targets into small proteins optimized for diagnostic imaging of cancers and autoimmune diseases.

Investors in the round were led by Merieux Developpment and included Novartis Venture Fund, Cycad Group and Nextech Invest.

The company said it would use the funding proceeds to accelerate the development of its lead program in prostate cancer, IAB2M.

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