Follica Gets $5.5 Million in Funding
January 6, 2008 by laura
Filed under Diseases & Conditions
Big news people! Follica, a new company specializing in treating androgenetic alopecia has just secured $5.5M in venture funding from Intrawest Partners and PureTech Ventures.
Follica Inc, a company based in Boston, plans to use the money to start a proof of concept study. With this new funding, they are planning to generate new hair follicles.
An interesting note on this is that the co-founder on Follica Inc is Dr Rox Anderson, who is credited with advancing the science in laser hair removal.
Just a little ironic, don’t you think?
This news is encouraging – It’d be cool to have detailed news updates as the technology matures..!