zuChem Receives Financing
May 24, 2004
1 Min Read
zuChem Receives Financing
CHICAGOzuChem Inc., a supplier ofglycochemicals and sugars to the pharmaceutical, food and nutraceuticalindustries, raised more than $500,000 in a second close of its Series Afinancing. Those involved included the Biotechnology Research and DevelopmentCorp. (BRDC), ARCH Development Partners and other private investors. Both ARCHand BRDC have a previously vested interest in zuChem. Recently, DRDC awarded thecompany a grant to commercialize its proprietary manufacturing process forxylitol.
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