Mersana Nabs $6M Debt Deal

4/22/11

[[Corrected 4/22/11 at 2:15 pm]]Mersana Therapeutics, a Cambridge, MA-based drug maker, has brought in $6 million of a targeted $10 million debt offering, from seven investors, according to an SEC filing. Last year, the company inked a deal that could be worth $334 million with Israel-based Teva Pharmaceutical Industries, for developing a new polymer-based drug for cancer and other diseases. [[Editors Note: An earlier version of this news brief incorrectly described Mersana as a maker of generic drugs and incorrectly listed Teva as based in Japan. We regret the errors.]] Earlier this week Mersana announced that it hired Forest Laboratories veteran Michael Metzger as its chief operating officer and executive vice president.

Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700. Follow @

  • Danielle

    Teva is Israel-based, not Japan based.

    

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