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Provention lands $28.4M financing to advance assets from Janssen, Finland's Vactech

By Michael Fitzhugh
Staff Writer

Monday, June 26, 2017

Provention Bio Inc., a young company advancing two phase II-ready assets from Janssen Research & Development LLC and a vaccine platform technology from Finland's Vactech Oy, has raised its first financing, $28.4 million, in a private placement of series A preferred stock that closed April 25. Provention will use proceeds of the offering to develop the assets through proof of concept.

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