AnaBios Raises $800K

San Diego-based AnaBios, a contract research organization focused on drug safety, said today that it has raised $800,000 as part of a Series A funding round. The funding was led by the Tech Coast Angels, including the Tech Coast Angels Angel Capital Entrepreneur (ACE) fund. The firm said the new funding will go towards funding a new laboratory in San Diego. Anabios said the investment is part of a Series A investment which is targeted at $2M. AnaBios is headed by Dr. Jack A. Reynolds. As part of the funding, the TCA's Dr. Stephen F. Flaim joins AnaBios' board. More information »