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New angel capital centered on GenTel agreement with big pharma

Madison, Wis. - GenTel BioSciences, a privately-held biotechnology company, has completed what it calls a critical round of financing activity by raising an additional $500,000 to pursue a new partnership with a large pharmaceutical company.

Alex Vodenlich, president and CEO of GenTel, said the identity of the pharma company would not be anno......

Full article >>> gov/Act255">Act 255, the state's investment tax credit program, and Wisconsin Investment Partners, a Madison-based angel investment network that emphasizes life-science investments.

"They [GenTel] have had good marketplace acceptance and nice sales growth, albeit for a young company," said Dick Leazer, a princi......

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'"/> By Joe Vanden Plas 02/20/07

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