Canadian Bioinformatics Firm Raises $4.5 Million From Private Investors

Dec 21, 1998

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MISSISSAUGA, Ont.--Last month Base4 Bioinformatics, a subsidiary here of Allelix Biopharmaceuti cals, announced that it has closed a private placement financing for $4.5 million. Investors include BioCapital Investments, Tera Capital, and Working Ventures Canadian Fund. The funding means that while Allelix remains a major shareholder in Base4, its share of the company has dropped to under 50 percent.

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