Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7a6a6b33-d31b-4c6f-8166-b62bdb4a0786
Date 4/15/2016
Company Name Imara
Mailing Address 1555 Adams Menlo Park, CA 94025 USA
Company Description Imara Corporation’s (formerly Lion Cells) mission is to provide superior energy storage solutions and accelerate the adoption of alternative U.S.- based green energy sources.
Proceeds Purposes The funds will allow Imara to develop IMR-687, a disease-modifying therapeutic discovered by H. Lundbeck A/S and selected specifically for the treatment of sickle cell disease and other hemoglobinopathies. Lundbeck granted Imara an exclusive worldwide license and will receive certain milestone payments and royalties on sales as well as minority ownership in Imara.