Xconomy Boston

Isis Biopolymer Inc. Secures $3,000,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ebaf979e-0ee3-4d2b-8646-af000ca84242&Preview=1
Date
8/11/2008
Company Name
Isis Biopolymer Inc.
Mailing Address
555 Jefferson Boulevard Warwick, RI 02886
Company Description
Isis Biopolymer, Inc. (“Isis”) is an early stage, Rhode Island-based medical device company. Isis has developed a major advance in intelligent non-invasive drug delivery, the Isis Patch™. The Isis Patch is a personalized, single-use, flexible, ultra-thin, transdermal drug delivery (“TDD”) patch. Isis is pioneering the emerging area of active TDD, which will allow medical professionals, for the first time, to accurately control transdermal drug delivery, ensuring reliable and effective drug administration over an extended period of time.
Website
http://www.isisbiopolymer.com
Transaction Type
Venture Equity
Transaction Amount
$3,000,000
Transaction Round
Series A
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Undisclosed