Shareholders of Harris & Harris Group, Inc., may be interested to note that Mersana Therapeutics, Inc. (formerly Nanopharma Corporation), announced today that it has completed an oversubscribed $21 million financing. Harris & Harris Group participated in this round of financing, and the CEO of Harris & Harris Group will remain on Mersana's board of directors. Harris & Harris Group originally invested in the company in 2002.
Mersana Therapeutics is a privately held cancer therapeutics company located in Cambridge, Massachusetts. For additional information, please contact Julie Olson (the CEO of Mersana) or Pete Leone (the COO of Mersana) at 617-498-0020.
Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 24 initial private equity investments have been in tiny-technology enabled companies. The Company has 20,756,345 shares of common stock outstanding.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.com.
This news release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this news release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004, filed with the Securities and Exchange Commission, for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, Harris & Harris Group, Inc.®, undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.TinyTechVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this news release.