Toronto, ON, December 10, 2013 – Cyclica, a pioneer in the development of next generation computer simulation technologies for drug discovery and testing, is proud to announce the closing of a $400,000 financing through the Greensky President’s Club (http://www.greenskycapital.com/gpc/).
“These funds will be used to build our team and IT infrastructure as we pursue substantial contracts with clients in the pharmaceutical industry and expand the scope of existing partnerships,” said CEO Jason Mitakidis.
Cyclica presented to the GreenSky President’s Club (GPC) at their inaugural meeting, just 23 days prior to the closing. The GPC is composed of 20 committed early stage investors participating both financially and potentially as mentors; its deals are sourced, vetted and managed by GreenSky Capital Inc.
“We would like to thank the GreenSky team for their assistance in procuring this financing and guidance through the process,” continued Mitakidis. “We look forward to continuing this relationship as we build a first class organization to support our unique technology.”
About Cyclica Inc.
Cyclica is a pioneer in the development of next generation computer simulation technologies for drug discovery and testing, leveraging integrated biological data to improve pharma R&D productivity. The company is commercializing the Ligand Explorer™ to addresses the rising cost of R&D in drug discovery and low regulatory approval rates of pre-market pharmaceutical and biopharmaceutical products. Using a cloud computing approach, Cyclica’s powerful Ligand Explorer™ platform reduces the failure risk of drug discovery projects by allowing clients to anticipate a drug candidate’s side effects prior to clinical trials, thereby enabling more informed R&D investment decisions. See www.cyclicarx.com
About GreenSky Capital Inc.
GreenSky Capital is a boutique corporate finance advisory firm based in Toronto, delivering customized financial solutions to small and medium sized businesses. GreenSky mandates are long-term partnerships with high growth potential companies and dedicated entrepreneurs where GreenSky supports the execution of strategic transitional events. GreenSky principals bring together a unique combination of experience in operations, investment banking and private equity. As an operator’s investment bank, GreenSky has the ability to bring extensive capital markets experience into a real-world context. GreenSky is focused on business and relationship building as well as the ultimate transaction. See www.greenskycapital.com