Wednesday, August 17, 2011

TCA Funds PharmaSecure

The Tech Coast Angels, Southern California's biggest and most active angel investing group, appears to be backing a developer of prescription drug validation systems, based in Lebanon, N.H. According to a regulatory filing from PharmaSecure, it has raised $2.5M out of a $6M funding round, currently in progress. The firm lists the Tech Coast Angels, Gray Ghost Ventures, Life Science Angels, Angeli Parvi, and Echoing Green as investors; the TCA's Jay Kunin sits on PharmaSecure's board of directors. PharmaSecure's systems are being applied to prevent drug counterfeiting. More information »

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