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BioWorld-International-2009-04-29
UK Bio Bailout Welcome, but Less than Hoped for
UK Bio Bailout Welcome, but Less than Hoped for
LONDON - The UK biotech sector did not get the bailout it hoped for in the 2009 budget, but it welcomed the chance to share in a £750 million (US$1.1 billion) strategic investment fund for emerging technologies. (BioWorld International)
ProtAffin Gets €14M for Engineered Chemokines
No Abstract
BioWorld International Correspondent
ProtAffin AG raised €14 million (US$18.3 million) in a Series B round to progress its early stage pipeline of novel, protein-based therapeutics that act by disrupting biological signaling between extracellular glycan structures and their protein ligands.
The Graz, Austria-based company is adding 11 new staff on the strength of the new funding, boosting total headcount to 27 people.