Ugichem Raises €2.25 Mln

Ugichem GmbH said Tuesday it raised €2.25 million (US$2.6 million) from public and private investors. Austria’s Research Promotion Agency FFG awarded ugichem a grant of €850,000. The company also received equity financing of €1.4 million from existing investors. Ugichem, of Innsbruck, Australia, develops antisense drugs.

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