Organization: Micrologix Biotech Inc

Micrologix receives US VC funding

Micrologix Biotech Inc, Vancouver, has received $5.5 million from San Francisco-based Biotechnology Value Fund (BVF). BVF made the investment based on Micrologix’s late-stage product portfolio, depressed stock market price and recent management change which saw the firm bring in five senior pharma and biotech executives from the US….