Woburn, MA-based Excelimmune announced today that it has raised $12 million from an undisclosed “private” investor. The funding follows close on the heels of a $10.5 million Series B round the company announced in May.
Excelimmune is developing “polyclonal” antibodies, which are therapeutic proteins designed to bind to multiple regions of specific disease-causing antigens. The company says the proceeds from the financing will be used to develop its molecules aimed at combating infectious diseases, including a polyclonal antibody it is developing to fight Staphylococcus aureus (MRSA).
Excellimune was co-founded in 2006 by Vincent Coljee, who originally pioneered human polyclonal antibody technology at Symphogen AS, a Danish biotech company.
Author: Arlene Weintraub
Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.
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