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Business & Finance
Dynavax to advance cancer, hepatitis B, and hepatitis C therapy with $50 million funding
May 18th, 2006
Dynavax Technologies Corporation (DVAX) announced an agreement with Symphony Capital Partners, LP and its co-investors to provide $50 million of committed capital to advance Dynavax's ISS-based cancer, hepatitis B and hepatitis C therapeutic programs through clinical development. Under the terms of the agreement, Symphony Capital, a private equity fund, has established Symphony Dynamo, Inc., which will be capitalized initially with $20 million and an additional $30 million within one year following closing to fund Dynavax's identified development programs in cancer and hepatitis therapeutics. Dynavax has granted a license to the intellectual property...
Source: Biotech Business Week (2006-05-18)
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