Annovation BioPharma Secures $8,000,000 Series A Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c043e08f-ba4e-47e5-888c-bba7d6ce5f34&Preview=1 -
Date
9/11/2012 -
Company Name
Annovation BioPharma -
Mailing Address
2 Dairy Farm Lane Wayland, MA 01778 -
Company Description
Annovation BioPharma, Inc. develops pharmaceutical products in the field of anesthesia, sedation, and sleep. The company was incorporated in 2009 and is based in Wayland, Massachusetts. -
Website
Undisclosed
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Transaction Type
Venture Equity -
Transaction Amount
$8,000,000 -
Transaction Round
Series A -
Proceeds Purposes
The round could hit a total of $11 million through additional investments from the syndicate, and will go toward pre-clinical and clinical development of Annovation’s technology, which is designed to administer anesthesia more safely and more precisely to patients than traditional methods, according to the release. -
M&A Terms
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Venture Investor
Partners Innovation Fund -
Venture Investor
Atlas Venture -
Venture Investor
The Medicines Company
