Published on 4/21/2006 in the Prospect News Biotech Daily.
PhotoThera raises $30.5 million in series C funding
By Lisa Kerner
Erie, Pa., April 21 - PhotoThera Inc. said it closed a $30.5 million round of series C venture funding.
Proceeds from the funding will be used to continue development of the company's NeuroThera device.
Investors participating in the round included Delphi Ventures, DeNovo Ventures, Hamilton BioVentures, Warburg Pincus, The Vertical Group and Solstice Capital.
Located in Carlsbad, Calif., PhotoThera develops technology using infrared laser energy for the treatment of ischemic stroke.
| Issuer: | PhotoThera, Inc.
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| Issue: | Series C venture funding
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| Amount: | $30.5 million
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| Investors: | Delphi Ventures, DeNovo Ventures, Hamilton BioVentures, Warburg Pincus, The Vertical Group, Solstice Capital
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| Announcement date: | April 21
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