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Published on 9/13/2006 in the Prospect News Biotech Daily.

NuPathe completes $15 million series A financing round

By Lisa Kerner

Charlotte, N.C., Sept. 13 - NuPathe Inc. completed a $15 million round of series A private equity financing to support the company's clinical programs for therapeutic products to treat migraine and other central nervous system disorders.

Birchmere Ventures and BioAdvance Ventures co-led the financing round with participation from Safeguard Scientifics, Inc. and other institutional investors, according to a company news release.

NuPathe is a specialty pharmaceutical company based in Conshohocken, Pa.

Issuer:NuPathe Inc.
Issue:Series A private equity financing
Amount:$15 million
Investors:Birchmere Ventures and BioAdvance Ventures (co-leads), Safeguard Scientifics, Inc., other institutional investors
Announcement date:Sept. 13

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