DENMARK: ACE Biosciences raises $17M for vaccine development - (Therepeutics Daily)
December 26, 2007 – 7:38 pmACE Biosciences A/S raised ?11.9 million (US$17.1 million) in a new investment round to fund a Phase II clinical development program of a vaccine to prevent travelers’ diarrhea caused by the foodborne bacterial pathogen Campylobacter jejuni.
The Odense, Denmark-based company has raised ?42 million since its formation in 2001, CEO Ingelise Saunders told BioWorld International, and it now has sufficient funding to last until the end of 2009. “This is basically our third round with the same three investors,” she said.
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