Histogenics raises $34 million after ProChon Biotech merger
May 27, 2011 by MassDevice staff
Histogenics, which merged with ProChon Biotech last week, reels in $34 million in equity and debt funding as part of the deal.
Histogenics Corp. brought in more than $34 million in equity and debt financing after its acquisition of fellow Bay State firm ProChon Biotech Ltd.
The two companies merged in an all-stock deal that brings ProChon CEO Patrick O'Donnell into the Histogenics corner office.
O'Donnell told MassDevice.com last week that a deal has been in the works since the early part of 2011.
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