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Finance

Enzyme company completes $9.2 million financing

Published in Gene Therapy Weekly, March 4th, 2004

Hyalozyme Therapeutics, Inc., has completed a $9.2 million financing led by Grove Capital.

The financing also included an option to purchase an additional $15.9 million in warrants callable by Hyalozyme. Ritchie Capital, Cimarron Biomedical Investors, and Colt Ventures participated in the round. Brean Murray & Co., Inc., acted as placement agent. Kirkpatrick & Lockhart, LLP, acted as counsel to Grove Capital.

"Hyalozyme has successfully developed a recombinant human enzyme product that will dramatically improve current treatment options in the therapeutic areas of infertility, ophthalmology, and oncology," said Peter G. Geddes of Grove Capital. "The...

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