MORRISVILLE — Liquidia Technologies Inc. has raised $25.5 million in equity, according to a Tuesday filing with the Securities and Exchange Commission.
The company is still seeking to raise $27.8 million to meet its goal of $53.3 million.
The money was raised by seven investors.
Kevin Gordon, a former senior executive at QuintilesIMS, recently joined Liquidia as its president and chief financial officer.
Liquidia Technologies is a nanotechnology company that designs, develops and manufactures precisely engineered particles and films for various life and material science applications.
The company manufactures engineered particles using PRINT (Particle Replication in Non-Wetting Templates), a particle engineering and manufacturing technology.
The Morrisville-based company is led by Chief Executive Officer Neal Fowler.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
