Alliqua pulls in $20M to support hydrogel wound care biz

Pennsylvania wound-care specialist Alliqua ($ALQA) pulled in $15 million from a private funding round and another $5.3 million from the exercise of warrants, giving the company a $20.3 million windfall overall. Alliqua intends to funnel the cash into its capital coffers, and in an April 15 release the company also said it is looking to expand its technology lineup through possible acquisitions. Alliqua currently markets its line of hydrogel advanced wound care products, which Seeking Alpha reported earlier this month could grow the company's revenues to $35 million within three years. Release | Article