Venture Capital: Washington State University spin-out, Recodagen Corp. gets an Accelerator cash infusion
| March 14, 2008 |  View for printing |
Accelerator http://www.acceleratorcorp.com/ , the Seattle business incubator for life science companies, has helped bankroll ideas from CalTech, Iowa State and the University of Washington.
Now, it is announcing an investment in Recodagen Corp., a cancer research startup spun out of Washington State University.
Carl Weissman, president of Accelerator, declined to disclose the specific amount. But he said the money was within the $2 million to $5 million range that it typically invests in early-stage companies.
By JOHN COOK P-I REPORTER
Full Story: http://seattlepi.nwsource.com/busine ... 0_vc14.html
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Recodagen Corporation is Seventh New Start-Up Launched by Accelerator
Accelerator Corporation, a privately held biotechnology investment and development company, announced today the formation of Recodagen Corporation, the seventh company in the Accelerator portfolio. The syndicate of investors leading the Series A investment in Recodagen included Alexandria Real Estate Equities, Amgen Ventures, ARCH Venture Partners, OVP Venture Partners and WRF Capital.
Full Story: http://biz.yahoo.com/bw/080314/20080 ... 5.html?.v=1
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