I. FINANCING OF PRIVATE BIOTECHNOLOGY COMPANIES: $262.4M | ||||
Company |
Location |
Date |
Amt. (M) |
Details |
Affymax Inc. |
Palo Alto, Calif. |
7/18/05 |
$60 |
The Series D financing was co-led by new investor JAFCO Co. Ltd. and existing investor Bear Stearns Health Innoventures; also participating were new investors Bessemer Venture Partners, Merlin BioMed Group and Diamond Capital Co. and existing investors Apax Partners, MPM Capital and Sprout Group; Montgomery & Co. LLC was placement agent |
Altea |
Atlanta |
7/28/05 |
$30 |
The Series C financing was led by Aperture Venture Partners and included Series B investors Domain, Venrock and vSpring Capital, as well as KBC, Quilvest, CX Ventures and Rockport Ventures |
APT |
Tucson, Ariz. |
7/21/05 |
$6 |
The Series A financing round was led by new investor Charter Life Sciences and existing investor Research Corporation Technologies |
BrainCells Inc. |
San Diego |
7/14/05 |
$8 |
Technology Partners and seed investors Oxford Bioscience Partners and Bay City Capital led the Series A round, and were joined by A. M. Pappas & Associates and Neuro Ventures; they will invest another $9.7M if certain milestones are met |
4SC AG |
Martinsried, Germany |
7/12/05 |
€6.5 (US$7.9) |
The company's Series D financing round had two closings; investors were KfW SME Bank, Bayern Kapital, Deutsche Venture Capital Gesellschaft, 3i, BioM and Mulligan BioCapital |
Ilypsa Inc. |
Santa Clara, Calif. |
7/19/05 |
$36 |
The Series B financing round was co-led by new investors US Venture Partners, Johnson & John- son Development Corp. and Delphi Ventures; also participating were new investors CMEA Ventures and Mediphase Venture Partners and existing investors Sprout Group and 5AM Ventures |
Immune |
Conshohocken, Pa. |
7/14/05 |
$11.3 |
Series A financing for the Drexel University spin- out was provided by BioAdvance Ventures, Domain Associates, NewSpring Capital and Anthem Capital |
NovaThera |
Cambridge, UK |
7/12/05 |
£2.75 (US$4.8) |
The company completed a Series A funding round of up to £2.75M |
Panacea |
Gaithersburg, Md. |
7/7/05 |
$7 |
Investors in the Series C financing included Mitsubishi Corp. Life Sciences Venture, Olympus, JSR, Shin-Etsu Chemical, Fuji Photo Film, Dai Nippon Printing and Tokio Marine & Nichido Fire Insurance; Cosmos Alliance assisted in the deal |
Pepscan |
Lelystad, the Netherlands |
7/8/05 |
€5 (US$6) |
Convertible notes were sold in the company's first financing round to Dutch investors PPM Oost NV, Lupus Ventures BV, Wageningen Business Generator BV, Technofund Flevoland BV and private and existing investors |
Peptimmune |
Cambridge, Mass. |
7/15/05 |
$20.4 |
Participating in the Series C round were existing investors New Enterprise Associates, MPM Capital, Prism Venture Partners, Vanguard Ventures, Hunt Ventures LP and Boston Medical Investors Inc. and new investors Itochu Corp. and Silicon Valley Bank Capital |
Primera |
Providence, R.I. |
7/11/05 |
$11 |
Investing in the Series A preferred stock round were MPM Capital, Burrill & Co. and the Malaysian Technology Development Corp. |
Protalix |
Karmiel, Israel |
7/17/05 |
$5.3 |
The Series C financing included investments from Tamares Capital, Docor International BV, Atara Technology Ventures Ltd. and returning investors Biocell Ltd., Marathon Investments Ltd. and private investors |
StemCyte |
Arcadia, Calif. |
7/19/05 |
$13.7 |
Details on the financing round were not disclosed |
Vitae |
Fort Washington, Pa. |
7/13/05 |
$15 |
GlaxoSmithKline plc led the financing round, following the closing of a collaboration with Vitae; existing investors also participated |
Xention |
Cambridge, UK |
7/13/05 |
£11 (US$20) |
The Series B financing round was led by new investor ABN AMRO Capital and included new investor Crédit Agricole Private Equity and existing investors MVM, Quester, BTG International, Isis Equity Partners, Albany Ventures and Enterprise VCT plc |
II. MILESTONE PAYMENTS AND EQUITY INVESTMENTS FROM EXISTING CORPORATE PARTNERS: $27.6M | ||||
Company |
Partner (Country) | Amt. (M) |
Triggering Event | Details (Date) |
Arena |
Merck & Co. |
$2 |
Milestone payment |
Triggered by Merck's initiation of a Phase I trial of an oral drug candidate for treating ath- erosclerosis and related disorders (7/26) |
Diversa |
DuPont Bio-Based Materials |
$0.5 |
Milestone payments |
Two milestones were met relating to delivery by Diversa of candidate enzymes under their biorefinery program that exceeded performance targets set by the Department of Energy (7/11) |
Emisphere |
Hoffmann-La Roche Inc. |
ND |
Milestone payment |
Roche began a clinical trial using Emisphere's eligen delivery technology under their deal to develop oral formulations of a Roche small-molecule compound for treating bone-related diseases (7/5) |
454 Life |
F. Hoffmann-La Roche Ltd. (Switzerland) |
$11.5 |
Milestone payments |
454 achieved all initial milestones under a May 2005 deal in which Roche is selling 454's Genome Sequencing Systems (7/26) |
Inovio |
Merck & Co. Inc. |
$2 |
Milestone payment |
Merck reached a clinical milestone on a plas-mid-based vaccine using Inovio's MedPulser DNA Delivery System under their May 2004 collaboration (7/13) |
Ligand |
Eli Lilly and Co. |
$1.6 |
Milestone payment |
Triggered by Lilly's initiation of Phase II studies on LY674, a peroxisome proliferation activated receptor modulator for the treatment of atherosclerosis (7/13) |
Onyx |
Bayer Pharmaceuticals Corp. |
$10 |
Milestone payment |
Triggered by the submission of an NDA with the FDA for sorafenib (BAY 43-9006) for treating advanced renal-cell carcinoma (7/11) |
Transgene SA France; TRGNY) |
Merck & Co. Inc. |
ND |
Milestone payment |
Triggered by Phase I trials by Merck of a vaccine constructed with Transgene's homologous recombination technology (7/21) |
Notes: | ||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange. | ||||
* Private company. | ||||
Currency conversions are based on exchange rates at the time of the deal. | ||||
ND = Not disclosed. | ||||
AMEX = American Stock Exchange. | ||||
