Stroke treatment co Thrombotech raises $800,000

Thrombotech will use the proceeds to finance the Phase I clinical trial of its drug.

Thrombotech Technologies Ltd. has raised $800,000 from its current shareholders, Hadasit Bio Holdings Ltd. (TASE:HDST), Ofer Hi Tech Ltd., and Clal Biotechnology Industries Ltd. (TASE: CBI). The investors have an option to invest an additional $2.4 million later on.

Thrombotech will use the proceeds to finance the Phase I clinical trial of its stroke treatment drug.

Hadasit Bio owns 35% of Thrombotech, Ofer Holdings Group venture capital arm Ofer Hi Tech owns 25%, and Nochi Dankner-controlled IDB Holding Corp. Ltd. (TASE:IDBH) Clal Biotech owns 40%. Dr. Marian Gorecki is Thrombotech's chairman and Dr. Itschak Lamensdorf is the CEO.

Published by Globes [online], Israel business news - www.globes-online.com - on November 8, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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