Tech Company Financing Transactions

Tengion Funding Round

Tengion, based in Winston-Salem, secured $50 million in funding from Bain Capital Ventures, Quaker Partners and Johnson & Johnson Development Corporation.

Transaction Overview

Company Name
Tengion
Announced On
6/26/2006
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors

Bain Capital Ventures (Lead Investor) (James Nahirny)

Quaker Partners (Lead Investor) (Brenda Gavin)

Johnson & Johnson Development Corporation (David Holveck)

Oak Investment Partners

Proceeds Purpose
Tengion plans to use the proceeds to fund human clinical trials to advance the development of its lead product, the autologous neo-bladder construct, for the treatment of neurogenic bladder associated with spina bifida and spinal cord injuries. The funds will also be used to develop Tengion's manufacturing facility in East Norriton, Pennsylvania, and to advance the Company's product pipeline.

Company Information

Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
3929 Westpoint Blvd. G
Winston-Salem, NC 27103
USA
Phone
(336) 722-5855
Website
www.tengion.com
Email Address
[email protected]
Overview
Tengion (NASDAQ: TNGN) is a leader in developing autologous neo-organs and tissues, such as bladders, that are derived from the patient's own (autologous) cells.
Profile
Tengion LinkedIn Company Profile
Social Media
Tengion Company Twitter Account
Company News
Tengion News
Facebook
Tengion on Facebook
YouTube
Tengion on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
John Miclot
  John Miclot LinkedIn Profile  John Miclot Twitter Account  John Miclot News  John Miclot on Facebook
Chief Financial Officer
Brian Davis
  Brian Davis LinkedIn Profile  Brian Davis Twitter Account  Brian Davis News  Brian Davis on Facebook
Chief Scientific Officer
Tim Bertram
  Tim Bertram LinkedIn Profile  Tim Bertram Twitter Account  Tim Bertram News  Tim Bertram on Facebook
Chief Technical Officer
Deepak Jain
  Deepak Jain LinkedIn Profile  Deepak Jain Twitter Account  Deepak Jain News  Deepak Jain on Facebook

 

 

Browse more venture capital transactions:

Prev: 6/26/2006: Echo Global Logistics venture capital transaction
Next: 6/26/2006: LignUp venture capital transaction

 

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