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Hyderabad-based Transcell Biologics in talks to raise up to $9m
Transcell Biologics Pvt Ltd, a Hyderabad-based biotechnology company, is in talks with existing as well as new investors to raise up to $9 million, the company's chief executive told DEALSTREETASIA. Our existing investor Indian Angel Network (IAN) has committed to bridge in the subsidiary named Transcell Oncologics, said S Dravida, founder of Transcell Biologics. Transcell Oncologics has built a real time platform technology from its standalone cancer patients-derived tumorospheres repository. The company has appointed Delhi-based Transjovan Capital as transaction advisor for the fresh fund raise.
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