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Published on 3/23/2006 in the Prospect News Biotech Daily.

Mimetogen closes series A financing, completes licensing agreement with McGill University

By Elaine Rigoli

Tampa, Fla., March 23 - Mimetogen Pharmaceuticals, Inc. has completed a series A equity financing led by Boston-based Vimac Milestone Medica Fund with MSBi Capital returning as a co-investor.

The company has also completed negotiations with McGill University in Montreal for the exclusive worldwide rights to develop and commercialize novel technologies and therapeutics in the areas of cancer and glaucoma, according to a company news release.

Mimetogen's lead products are being developed to treat diseases for cancer and glaucoma.

Montreal, Quebec-based Mimetogen develops peptidomimetics as novel approaches to indications with high unmet medical needs.

Issuer:Mimetogen Pharmaceuticals, Inc.
Issue:Series A financing
Investors:Vimac Milestone Medica Fund, MSBi Capital
Announcement date:March 23

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