Article: Hybridon Brings In $5.1M For IMO Program, Names New CEO.

Senior Staff Writer

Hybridon Inc. raised $5.1 million through a stock and warrant sale and simultaneously promoted one of its existing officers to the CEO post.

Sudhir Agrawal was tapped to lead the Cambridge, Mass.-based company following the resignation of Stephen Seiler, who left to pursue other business interests. That opened the door for Agrawal, who had been Hybridon's president and chief scientific officer. He has served in various capacities at the company since January 1993, and will remain its chief scientific officer in addition to taking on more financial responsibilities.

"When we founded Hybridon, it was based on antisense ...

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