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Series D brings $34.5mm to Avid Radiopharmaceuticals

Executive Summary

Molecular imaging company Avid Radiopharmaceuticals brought in $34.5mm via its Series D round led by Alta Partners, which adds a board member. Joining first-timer Alta were returning shareholders AllianceBernstein, Safeguard Scientifics, Pfizer Venture Investments, Lilly Ventures, RK Ventures Group, and BioAdvance. Funds will be used to finish developing and launch the company's amyloid imaging agent 18FAV45 for Alzheimer's disease, and for ongoing Phase II trials of 18FAV133 for Parkinson's.
Deal Industry
  • Biotechnology
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
  • Pharmaceuticals
    • Radiopharmaceuticals, Contrast Agents
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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