Tech Company Financing Transactions
PaxVax Funding Round
On 12/5/2013, PaxVax received $22 million in Series B investment from Ignition Capital, Blue Haven Initiative and Ignition Partners.
Transaction Overview
Company Name
Announced On
12/5/2013
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the capital to continue to fund the recently initiated Phase 3 clinical trial program for its single-dose oral cholera vaccine candidate, PXVX0200 (also known as CVD 103-HgR). Approximately 3,000 participants will be enrolled in this pivotal international program, which is comprised of cholera challenge, safety, and immunogenicity studies.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
555 Twin Dolphin Dr. 360
Redwood City, CA 94065
USA
Redwood City, CA 94065
USA
Phone
Website
Email Address
Overview
PaxVax is initially focused on delivering vaccines for the travelers markets. An estimated 100 million people (families, students, workers and soldiers) per year travel to developing countries where tropical diseases are endemic and vaccines are needed for protection.
Management Team
Title
Name
Email & Social
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We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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