SmartCells Receives $1,750,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a17cef74-3b6d-4005-bf62-e2ef0fbc44d8&Preview=1
Date
3/23/2010
Company Name
SmartCells
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
$1,750,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Undisclosed