Milestones 4021Milestones 4021

Originally Published MX May/June 2006

MILESTONES

Affinergy Inc. (Research Triangle Park, NC), a Duke University spinout that develops site-specific biological delivery systems, has closed on a $3 million round of funding that was led by existing investors. "Affinergy is grateful for the continued support of our shareholders in accelerating our growth," said Peyton Anderson, CEO of Affinergy. "We have many unique and exciting opportunities to leverage our technology platform to improve the performance of medical devices, which will ultimately help many healthcare patients. Affinergy's plan for 2006 is to add new scientists, expand our base of partners, initiate several preclinical programs, and begin developing our own proprietary products. This new funding allows us to begin these investments immediately."

Terumo Corp. (Tokyo), a provider of general hospital, cardiac and vascular, and home healthcare products, has entered an agreement to acquire privately held MicroVention Inc. (Aliso Viejo, CA), which develops and commercializes devices for the minimally invasive, endovascular treatment of cerebral vascular aneurysms.