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BOSTON--(BUSINESS WIRE)--Anodyne Nanotech, Inc., a venture-backed biotechnology company based in Boston and specializing in the transdermal delivery of biologics, announced today the appointment of Jeff Mihm as a member of its Board of Directors.Mr. Mihm previously served as the CEO of Noven Pharmaceuticals, a leadi...

Share this article Share this article BOSTON, May 3, 2021 /PRNewswire/ -- Burns & Levinson has closed a $4.2 million seed investment from Velocity Partners, Relativity Healthcare Fund and Big Pi Ventures for Anodyne Nanotech, Inc., a Boston-based biotechnology company developing differentiated, transdermal forms of high-value drugs. The investment will help expand the company's Hero Patch™ platform, which uses microneedle technology to deliver clinically meaningful doses of macromolecules and small molecules. The deal, which closed on April 8, was led by Josef Volman, who co-chairs the fi...

Backers included Velocity Partners, Relativity Healthcare Fund and Big Pi Ventures. The company intends to use the funds to continue to develop its Hero Patch™ platform. Founded by Hojat Rezaei Nejad, Konstantinos Tzortzakis, and Jake Lombardo, Anodyne Nanotech provides a Hero Patch™ platform, which uses microneedle technology to deliver clinically meaningful doses of macromolecules and small molecules. By incorporating solvent-free bulk drug substance directly into microscopic porosities, Anodyne can load high amounts of the drug onto each microneedle. When the microneedle penetrates...