Article: Aviva Raises $11.8M In Series B To Push Biochip Technology.

National Editor

To help along its partnership with Axon Instruments Inc., Aviva Biosciences Corp. conducted the first closing of a Series B financing that raised $11.8 million.

"The money's in the bank," said Eric Lachenmeier, director of business development for San Diego-based Aviva.

That brings the total raised by privately held Aviva since 1999 to $16.8 million. The round was led by longstanding investor China Development Industrial Bank, of Taiwan, and included new investor Pac-Link Management Corp., also of Taiwan.

Another new investor is Axon, of Union City, Calif., which is developing a line of automated ion channel drug ...

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