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Article: Advanced BioNutrition secures more financing.
- Article from:
- Feedstuffs
- Article date:
- January 24, 2005
CopyrightCOPYRIGHT 2005 Miller Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMBIA, MD. -- Advanced BioNutrition Corp. (ABN), a leader in developing functional ingredients and technologies to improve animal and human health and wellness, announced Jan. 13 that it has completed a second round of private equity financing, raising $7.5 million.
The company will use proceeds from this Series B financing round to expand applications for its new MicroMatrix ingredient delivery technology, continue development of new disease prevention products and build sales of its DHA (docosahexaenoic acid) and ARA (arachidonic acid) nutritional products.
ABN's proprietary and unique MicroMatrix technology allows the encapsulation of active ...