SmartCells, Inc. Secures $1,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7fcad503-ac97-4623-b6e8-b17e7fa55a5e&Preview=1
Date
10/22/2008
Company Name
SmartCells, Inc.
Mailing Address
100 Cummings Center Beverly, MA 01915
Company Description
SmartInsulin™ consists of a layered, biocompatible and biodegradable polymer-therapeutic that is bound to an engineered glucose-binding molecule. Insulin is released from SmartInsulin only when the therapeutic is unbound by the presence of a specific glucose concentration.
Website
http://www.smartinsulin.com
Transaction Type
Venture Equity
Transaction Amount
$1,000,000
Transaction Round
Undisclosed
Proceeds Purposes
This investment will accelerate the commercial development of our SmartInsulin therapy for type 1 diabetes.
M&A Terms
Venture Investor
Undisclosed