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Marligen Raises $2.3 Million

NEW YORK, May 10 (GenomeWeb News) - Marligen Biosciences said today that it has raised $2.3 million in funding through a Series A round of financing, as well as grants from government and non-profit agencies.


Among the company's investors in the financing round were Emerging Technology Partners and ASM Resources, Marligen said.


"We are delighted that our efforts to raise cash from several sources were successful," Marligen founder and CEO Sherry Challberg said in a statement. "In addition to completing our Series A financing, we also have been awarded a Maryland Department of Business & Economic Development Challenge grant, a MdBio Technology Accelerator Award, and a Phase II Small Business Innovation Research grant."


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