BioGentech closes $3.2 million financing round
The USA's BioGentech, which develops pharmaceuticals and consumer healthcare products, says that it has completed two separate fund raising exercises which brought in a total of $3.2 million.
The California-headquartered firm said that the infusion of capital would allow it to "significantly accelerate" its strategic business plan. Chief executive Chaslav Radovich described this as "having breakthough products to be released over the coming months and years to increase the value of the firm." More specifically, the company said in a statement that the proceeds would be used to buy in products to supplement its existing portfolio.
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