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$1M Raised by Virxsys Corp. from $30M Offering

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By citybizlist

GAITHERSBURG, Md. - VIRxSYS Corp. has raised $1 million of an offering of $30 million from 10 investors so far.

Based in Gaithersburg, Md., VIRxSYS is a biotechnology company focused on the development of gene-based medicines and vaccines.

Earlier this year, citybizlist reported that the company raised $33.81 million from a $45 million offering.

Franz Schmadl, Robert Ackmann, Lawrence Michaelis, Helmer Agersborg, James Kehoe, William McIntosh, John Phair, William Sick, William Turner, and Prince Zachariah were all named in the SEC filing.

Michaelis the chairman of the board and currently serves as the company's interim president and CEO. He has served on the board since 2003 and as its chairman since 2004. Previously, Michaelis served as Chief Medical Officer and senior vice president of Medical Affairs at NMH and as an Associate Dean of NUMS; as Vice President of the Northwestern Medical Faculty Foundation; and as President of Northwestern Healthcare Corporation.

SEC Filing.


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