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MacroGenics Closes $30.5M Series B VC Round

NEW YORK, Oct. 15 (GenomeWeb News) - MacroGenics, a genomics- and proteomics-tools company co-founded by Lee Hood and Ruedi Aebersold, has collected $30.5 million in a Series B round of private-equity financing, the company said today.

 

Alta Partners and TPG Ventures led the financing, which included investments by Mithra Group, Red Abbey Venture Partners, Emerging Technology Partners, and Series A shareholders InterWest Partners, MPM Capital, OrbiMed, Cogene BioTech Ventures, Vivo Ventures, and Hunt Ventures.

 

MacroGenics, which is also trying to develop antibodies and vaccines to treat cancer, autoimmune disorders, and infectious diseases, will use the cash to support the clinical development of its certain drug candidates and "recent in-licensed opportunities in infectious diseases."

 

The company was founded in 2000.

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