goBalto.com receives funding from three drug development industry veterans
San Francisco, CA – July 21, 2009 – goBalto, Inc. announced today that it has secured $500,000 in series B angel funding from several drug development industry veterans including Dr. Cary Queen, Dr. Donald Gerson and goBalto founder Jae Chung.
Since launching in April 2009, goBalto has acquired over 4,000 professional members from the pharmaceutical and biotech industries who are involved in evaluating and selecting drug development and manufacturing partners. In addition, the goBalto site aggregates over 8,500 service providers including Clinical Research Oganizations (CROs), preclinical CROs, Investigator Sites, Contract Manufacturing Organizations, Generic Drug Suppliers and consultants from all over the world.
The new funding will be used to build out additional website collaboration functionality and to implement targeted membership development activities.