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Harris & Harris bags $2.1M milestone from BioVex/Amgen deal

Dec. 28, 2015 12:41 PM ET180 Degree Capital Corp (TURN)By: Douglas W. House, SA News Editor1 Comment
  • Venture capital outfit Harris & Harris (TINY -0.5%) receives $2.1M from the achievement of an undisclosed milestone associated with Amgen's acquisition of BioVex Group in March 2011. The payment increases its total gross proceeds from the sale to ~$12.8M, more that triple its original investment of ~$4M. Its return could increase by another $5.4M upon the achievement of additional undisclosed milestones.

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