Prolacta Bioscience Inc., a biomedical company that develops human milk-based premature-infant formula, has raised nearly $9 million during a funding round.
The Duarte-based firm raised $8.9 million in a securities sale to 11 investors, according to a May 14 filing with the U.S. Securities and Exchange Commission.
The firm, which recently moved from City of Industry to a 40,300-square-foot LEED gold headquarters in Duarte, develops and produces human milk-based products for premature and critically ill infants in neonatal intensive care.
It also operates the first and only pharmaceutical-grade manufacturing facility for the processing of human breast milk.
Before its latest funding round, the privately held company had raised $69.1 million in six funding rounds through December 2016, according to Crunchbase.
Health business reporter Dana Bartholomew can be reached at firstname.lastname@example.org. Follow him on Twitter @_DanaBart.
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