Exicure raises additional $11.2M in private placement

Exicure Inc. (Skokie, Ill.) said it raised about $11.2 million in the second close of a private financing. The close was led by Luye Pharma Group and included participation from fellow new investors Eager Info Investments, Knoll Capital Management and Purple Arch Ventures. Undisclosed new investors also participated.

In September, the company raised $20.1 million in the first close and concurrently completed a reverse merger with Max-1 Acquisition Corp. In an Oct. 2 SEC filing, Exicure said its shares are not listed on an exchange...