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Published on 8/15/2006 in the Prospect News Biotech Daily.

LipoScience closes $13 million round of series F financing

By Lisa Kerner

Charlotte, N.C., Aug. 15 - LipoScience, Inc. said it closed a $13 million round of series F financing.

"This funding will allow us to confidently invest in the deployment of our in-vitro diagnostic system and to continue to drive growth and awareness for the NMR LipoProfile test," president and chief executive officer Richard O. Braier said in a company news release.

The test measures the number of LDL particles, to determine risk for heart disease.

Participating in the financing round were Camden Partners, LLC; GE Capital Equity Investments; Invesco Private Capital; Pappas Ventures; Sightline Partners; Three Arch Partners and Varian, Inc.

LipoScience, based in Raleigh, N.C., develops and markets new clinical applications of NMR spectroscopy in the areas of cardiovascular disease and metabolic disorders.

Issuer:LipoScience Inc.
Issue:Series F financing
Amount:$13 million
Investors:Camden Partners, LLC; GE Capital Equity Investments; Invesco Private Capital; Pappas Ventures; Sightline Partners; Three Arch Partners and Varian, Inc.
Announcement date:Aug. 15

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