Tech Company Financing Transactions
ProNAi Therapeutics Funding Round
ProNAi Therapeutics secured a $6.7 million funding round on 10/25/2006. Investors included Amherst Fund, Grand Angels and Michigan Economic Development Corporation.
Transaction Overview
Company Name
Announced On
10/25/2006
Transaction Type
Venture Equity
Amount
$6,650,000
Round
Undisclosed
Proceeds Purpose
The CEO stated, "Team ProNAi is delighted at the success of our bridge financing round, which will help us bring our lead drug candidate, PNT-100, toward submission to the FDA as an Investigational New Drug sometime in mid-2007. Our drug development team is making remarkable progress in developing this very promising therapeutic, and we look forward to additional compelling efficacy and safety outcomes."
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
885 West Georgia St. 2150
Vancouver BC, V6C 3E8
Canada
Vancouver BC, V6C 3E8
Canada
Phone
Website
Email Address
Overview
ProNAi Therapeutics, Inc. (NASDAQ: DNAI) is a biopharmaceutical company that is leveraging its novel and proprietary nucleic acid-based interfering technology, DNAi, to advance a next generation of therapies for patients with cancer and other complex genetic diseases.
Management Team
Title
Name
Email & Social
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