Innozen Raises $2.94M

Woodland Hills-based InnoZen said this week that it has raised $2.94M from the Tech Coast Angels and other Los Angeles angel investors for its quick dissolve strips for delivery of over-the-counter medicines. The company said that it would use the proceeds to build and on-site manufacturing facility. InnoZen said that the company will introduce cough suppressant strips to the OTC market this fall. Steve Pfrenzinger of the Tech Coast Angels has joined the company's board of directors. More information »