Integene Finalizes Funding Agreement With The Florida Institute for Commercialization of Public Research

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Integene, a Miami biotech startup, has finalized a funding agreement with the Florida Institute for Commercialization of Public Research. Dawson James Securities, Inc. provided the required matching investment. While specific financial terms were not disclosed, Dawson James was able to raise more funding than the $300K required to match Florida Institute funds. Integene was founded to capitalize on patented biotechnology created to optimize gene and stem cell treatments for cardiovascular disease. The company’s founder, Dr. Keith Webster and his team, in association with the University of Miami, have developed procedures for targeting and regulating human growth factor genes within host tissues, and bio-engineering stem cells to provide optimized therapies for ischemia related disease. According to Dr. Webster, “The fundraising support provided by Dawson James enabled us to rapidly and efficiently raise the required matching funds to qualify for funds provided by the Florida Institute. These funds will be used to advance the clinical testing of treatments for major life-threatening diseases, initially a condition known as critical limb ischemia for which limb amputation may be the only option for many patients and eventually multiple other cardiovascular indications, diabetic retinopathy and solid tumors.” “Dawson James Securities has been assisting emerging growth companies since 2004, and is interested in identifying and supporting quality new companies spinning out of Florida’s research institutions,” said Robert Keyser, Jr., Dawson James CEO. “As a full-service boutique investment bank, we are pleased to leverage our broad investor placement capabilities to support the growth of promising Florida companies.” “We formed this alliance to coordinate company financing from angel investors, venture capitalists, private equity and public markets and to expand Florida’s innovation platform and investor base,” said Jamie Grooms, CEO of the Institute. “The Integene financing represents the first transaction resulting from this alliance, and we will continue to work with Dawson James to support the next generation of great Florida companies.” Read more here.