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Published on 5/15/2006 in the Prospect News Biotech Daily.

D-Pharm raises $10 million in private financing

By Elaine Rigoli

Tampa, Fla., May 15 - D-Pharm Ltd. has raised $10 million in a private round of financing.

The round was led by Clal Biotechnology Industries, Israel Healthcare Ventures and Pitango Venture Capital. Some of the company's existing investors, including Care Capital, Gemini, Polar Communications and others, joined the round.

Following this financing round, Ruti Alon, general partner of Pitango Venture Capital and Hadar Ron, managing partner of Israel Healthcare Ventures, will join the company's board of directors.

D-Pharm is a biopharmaceutical company based in Rehovot, Israel.

Issuer:D-Pharm Ltd.
Issue:Private financing
Amount:$10 million
Investors:Clal Biotechnology Industries, Israel Healthcare Ventures, Pitango Venture Capital, Care Capital, Gemini and Polar Communications
Announcement date:May 15

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