Flu treatment developer Gemmus Pharma Inc. raised about $1.5 million in a Series A funding led by a syndicate of angel investor groups.
Gemmus, housed in the Mission Bay Innovation Center in the FibroGen building in San Francisco, is targeting a receptor that plays a role in the anti-inflammatory response to viral infections. That approach, the company says, makes it so its treatment isn’t susceptible to viral resistance.
A Gemmus spokeswoman said the company initially sought to raise at least $1.2 million.
The round was led by the Life Science Angels and included BlueTree Allied Angels, Tech Coast Angels, Wilmington Investor Network and The Angels Forum.
http://www.bizjournals.com/sanfrancisco/blog/biotech/2012/06/gemmus-pharma-life-science-angels.html
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