Cytochroma secures $12-million private financing

Guest Contributor
November 13, 2001

Kingston ON-based Cytochroma Inc has closed a $12-million private equity financing to advance its R&D of therapeutics based on cytochrome P450-based metabolism. The Business Development Bank of Canada’s Venture Capital Division is the lead investor, with participation from Novo A/S (Denmark), GeneChem Technologies Venture Fund LP, Canadian Medical Discoveries Fund and Working Ventures Canadian Fund Inc. Cytochroma has already entered into collab- oration with Allergan Inc and is seeking new partnerships as it expands its pipeline of gene targets and drug candidates….

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