Start Up Business Loans

October 7, 2008

Biolex Therapeutics closes on $60M in financing

Filed under: Articles and News

Biolex Therapeutics has new investors and a colossal new round of venture financing – $60 million – in the bank.

OrbiMed Advisors has signed on as a backer of the Pittsboro-based life-science startup.

Leading the round is Clarus Ventures, also a new backer.

The investment is believed to be the largest ever in a North Carolina biotechnolgy firm and is the largest since billionaire Carl Ichan invested $50 million in mobile services firm Motricity last fall.

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