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Published on 11/8/2006 in the Prospect News Biotech Daily.

MedGenesis Therapeutix closes $3.2 million round of private financing

By Lisa Kerner

Charlotte, N.C., Nov. 8 - MedGenesis Therapeutix Inc. closed a $3.2 million round of private equity financing.

Proceeds will be used to advance the clinical development of its lead therapeutic program and the filing of an Investigational New Drug application to begin human studies.

Located in Victoria, B.C., MedGenesis is a biopharmaceutical company focused on the development of therapeutics for the treatment of serious central nervous system disease.

Issuer:MedGenesis Therapeutix Inc.
Issue:Private equity financing
Amount:$3.2 million
Announcement date:Nov. 8

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