Article: Panacea Pharmaceuticals' Series C Round Gets $7M.

West Coast Editor

Panacea Pharmaceuticals Inc. raised $7 million in a Series C round for its preclinical program focused on the enzyme human aspartyl (asparaginyl) beta-hydroxylase, or HAAH, found overexpressed on surface cells in more than 20 tumor types.

"We're focusing on liver cancer for clinical models," said Kasra Ghanbari, co-founder and board member of Gaithersburg, Md.-based Panacea, though definite decisions will not be made until later.

Whether the research will yield as much therapeutic fruit, as the company's "cure all" name suggests, is yet to be seen, but researchers have found HAAH in primary tumor tissue in the pancreas, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!