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Published on 8/7/2006 in the Prospect News Biotech Daily.

NanoBio gets $30 million financing

By Elaine Rigoli

Tampa, Fla., Aug. 7 - NanoBio Corp. said Monday that it secured a $30 million equity investment from Perseus, LLC and said the funding, which will come in three tranches, will support NanoBio's expanding clinical pipeline.

NanoBio has developed multiple topical anti-infective products and vaccine candidates derived from its patented NanoStat technology platform. The company's lead product candidates are treatments for herpes labialis (cold sores) and onychomycosis (nail fungus) and a mucosal vaccine for influenza.

NanoBio is a private biopharmaceutical company with headquarters in Ann Arbor, Mich.

Perseus is a private equity-fund management company with headquarters in Washington, D.C.

Issuer:NanoBio Corp.
Issue:Private equity financing
Amount:$30 million
Investors:Perseus, LLC
Announcement date:Aug. 7

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