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Business

Liquidia Raises Funds For Nanopolymer

by Melody Voith
September 14, 2009 | A version of this story appeared in Volume 87, Issue 37

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Credit: Liquidia
These boomerang-shaped microparticles from Liquidia have been designed for drug delivery.
Credit: Liquidia
These boomerang-shaped microparticles from Liquidia have been designed for drug delivery.

Nanotechnology start-up Liquidia Technologies has raised $7 million in a third round of venture capital financing, led by Canaan Partners. Liquidia has developed a polymer technology to create micro- and nanoparticles for drug delivery. The company plans to use the funds to advance its first product, a vaccine, into Phase I clinical studies in late 2010. It will also invest in manufacturing clinical supplies of the drug.

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