Originally published Tuesday, July 15, 2008 at 12:00 AM
E-mail article
Print viewLight Sciences gets $40 million in venture capital
Bellevue-based Light Sciences Oncology said today that it has raised $40 million from undisclosed venture capitalists.
Seattle Times business reporter
Light Sciences Oncology said today that it has raised $40 million from undisclosed venture capitalists.
The Bellevue company plans to use the money to develop its cancer-fighting therapy, which is currently undergoing late-stage clinical trials in patients with liver, brain and colorectal cancer. The company didn't reveal the names of the investors.
The latest funding brings the total amount of venture capital raised by Light Sciences to $137 million. The company raised $97 million in two previous venture capital rounds in 2005 and 2007.
"We are approaching exciting milestones in the development of Litx, including the completion of enrollment in our Phase III primary liver cancer trial," said Llew Keltner, president and chief executive officer of Light Sciences Oncology. Leerink Swann acted as exclusive placement agent and exclusive financial adviser in connection with the transaction.
Light Sciences, which seeks to develop light-activated treatments for cancer, was founded in 1994.
Ángel González: 206-515-5644 or agonzalez@seattletimes.com
Copyright © 2008 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
Nintendo re-enlists Mario, savior of video-game industry
Verizon-Frontier deal stirs concern among consumers
Brier Dudley: 'Guitar Hero' founder excited about future
Gaps for consumers in Democrat health care bills
Hutch gets $10M from Bezos family for immunotherapy research
Real Salt Lake wins MLS Cup
Real Salt Lake defeated the Los Angeles Galaxy with penalty kicks after 120 minutes of play at Qwest Field in Seattle.
Raw Video | Real Salt Lake receives the MLS Cup trophy
Raw Video | Real Salt Lake fans celebrate
Real Salt Lake fans enter Qwest Field
Raw Video | MLS Cup Opening Ceremony
LA Galaxy's David Beckham
Real Salt Lake's Kyle Beckerman
MLS trophy arrives in Seattle
Chittenden Locks Inspection
Full interview with New Moon actors
Open Houses
|
Find this weekend's open house listings.
Or search by location:
|
nwautos
Local riders say they've seen a surge in scooter interest in recent years, mostly from people wanting another commuting option. Seattle now ranks as o...
Post a comment
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
Do you suffer from "sitting disease"?
Post a comment
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Tugboat sinks at Seattle waterfront pier
- Illegal workers quietly let go
- Child-support error costs nearly $21,000
- Vikings easily beat the Seahawks
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Chase shrugs off loss of CD investors
- Woman stabbed by stranger in North Seattle
- Snow piles up on Cascade slopes
- Denny Triangle gains skyline, but tenants slow to come
- Illegal workers quietly let go
303 - Climate change speeds up since 1997 Kyoto accord 181
- Vikings easily beat the Seahawks 169
- Metro won't cut bus service after all 126
- Historic health care bill clears Senate hurdle 93
- Tattoos at Mill Creek Church pierce skin, soul 73
- Jerry Brewer: Seahawks can't lean on the Hutch Crutch now 67
- UW, WSU once again meet to see who's worse 62
- New Husky recruit: Enes Kanter 60
- Ranking the Pac 53
- Sprouts, raw fish on attorney's 'do not eat' list
- Tattoos at Mill Creek church pierce skin, soul
- Illegal workers quietly let go
- Food-safety lawyer's wish: Put me out of business
- Rediscovering Moab, 'the most beautiful place on Earth'
- It's possible to recover a life lost to hoarding
- Architects, chefs find 'kid' within to build Gingerbread Village
- Child-support error costs nearly $21,000
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Taste | The Great Pie Bake-off pits friends and fruit
