Thursday, June 28, 2012

Tech Coast Angels Backs Influenza Treatment Developer

The Tech Coast Angels, the largest angel investment group in Southern California, has backed a developer of treatments for the flu., According to Gemmus Pharma, it raised an angel funding round led by the Life Science Angels, and also including the Tech Coast Angels, BlueTree Allied Angels, Wilmington Investor Network and The Angels Forum. Size of the round was not announced, but a regulatory filing says the firm recently raised $1.45M in a $1.8M funding round. Gemmus Pharma is based in San Francisco; the firm did not announce who at the Tech Coast Angels led the deal. More information »

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