Tech Company Financing Transactions
Avid Radiopharmaceuticals Funding Round
AllianceBernstein, Alta Partners and BioAdvance Ventures participated in a $34.5 million Series D capital raise for Avid Radiopharmaceuticals. The round closed on 5/21/2009.
Transaction Overview
Company Name
Announced On
5/21/2009
Transaction Type
Venture Equity
Amount
$34,500,000
Round
Series D
Investors
Proceeds Purpose
Avid will use the proceeds primarily to fund the completion of development and, if approved, tocommercialize its Alzheimer's amyloid imaging compound, 18F-AV-45. Proceeds will also be used tocontinue Phase II clinical development of its Parkinson's disease imaging compound 18F-AV-133, as well as service general working capital needs.
Company Information
Company Status
Acquired or Merged
Industry
Biopharmaceutical
Mailing Address
3711 Market St. 710
Philadelphia, PA 19104
USA
Philadelphia, PA 19104
USA
Phone
Website
Email Address
Overview
Avid Radiopharmaceuticals, Inc. is a clinical-stage product-focused molecular imaging company that has assembled world-class expertise and IP in the field of molecular brain imaging. Avid has developed proprietary radiopharmaceuticals to image amyloid plaques and is currently testing these agents in clinical trials for the detection of Alzheimer's disease.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Skovronsky
Chief Financial Officer
Richard Baron
Chief Scientific Officer
Franz Hefti
Vice President
Michael Pontecorvo
VP - Bus. Development
Alan Carpenter
VP - Manufacturing
Paul Kennedy
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