Biotech company started by two UNC professors raises $5 million
Biotechnology company OncoTrap Inc. in Chapel Hill has raised $5 million, according to a filing Friday with the Securities and Exchange Commission. The company was started by two UNC-Chapel Hill professors in 2016. The professors, Dr. Leaf Huang and Dr. Rihe Liu, have worked at the university for 12 years and 16 years respectively. The money was raised in the form of equity. The offering is expected to last no more than a year and is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer. Huang is focused on biomedical...
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