Avid raises $28.5 million

Avid Radiopharmaceuticals Inc. (Philadelphia, Pa.) raised $28.5 million in a first close of a planned $34.5 million series D round led by new investor Alta Partners. Existing investors AllianceBernstein; Safeguard Scientifics; Pfizer Venture Investments; Lilly Ventures; RK Ventures; and BioAdvance also participated. ...