Rockville-based CytImmune received $100,000 from Montgomery County's equity investment program to help the company advance its industry-leading work in the development of tumor targeted nanomedicines.
The County's investment was made by the Montgomery County Department of Economic Development, in conjunction with a $200,000 equity investment made by the Maryland Venture Fund, which is administered by the Maryland Department of Business and Economic Development (DBED). Both the County's and State's investments in CytImmune are part of a broader strategy to support the growth and development of innovative companies.