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Monday, November 22, 2004; Page E10


Meggitt PLC, an international aerospace, defense and electronic sensors group based in England, agreed to buy to acquire Wilcoxon Research Inc., a privately owned maker of laboratory and test instrumentation sensors in Gaithersburg. Meggitt paid $15 million.


Pharmathene Inc., an Annapolis biotechnology company working on bioterrorism countermeasures, raised $27.8 million from 13investors in an offering of Series B preferred shares and warrants. Venture fund Healthcare Ventures of Princeton, N.J., and MPM Bioventures of Boston are listed as beneficial owners of Pharmathene stock, according to a Securities and Exchange filing. The company will use the money for general corporate purposes and clinical trials

_____Interactive Primer_____
Understanding Regulatory Policy
_____Related SEC Articles_____
Google Co-Founders Register to Sell Stock (The Washington Post, Nov 20, 2004)
Lawyers In the Limelight (The Washington Post, Nov 20, 2004)
Fund Founders to Settle, Pay $160 Million (The Washington Post, Nov 18, 2004)
More SEC News

Breakaway Ltd., a Hunt Valley, Md., maker of video games and computer simulations for military applications, raised $1 million from one investor in a common stock offering, according to a Securities and Exchange Commission filing.

Artifact Software Inc. of Baltimore raised $2.5 million from six investors in a Series A-1 preferred stock offering, for working capital. Intersouth Partners, Draper Atlantic and Mid-Atlantic Venture Fund are listed as beneficial owners, according to an SEC filing, and each firm has a seat on the company's board.

McLean merchant bank Galen Capital Group LLC opened a Los Angeles office. The firm, which specializes in the health care industry, said Gino Isaac, a healthcare industry entrepreneur who has been heading up Galen's West Coast efforts for a year, will lead the office and oversee expansion.

Michael Steed's Paladin Capital Group closed on its $235 million fund to invest in domestic defense companies. The Paladin Homeland Security Fund will be run by Steed along with Kenneth A. Minihan and Alf Andreassen. It has already made venture investments in eight companies. Investors in the fund include widely know pension funds, unions as well as several strategic investors in the defense and technology sectors, such Siemens and Motorola.

Network Security Technologies Inc. in Dulles raised $8 million from eight investors in a Series E convertible preferred stock offering. The money will be used for working capital, according to an SEC filing. E -Trade eCommerce Fund, Softbank U.S. Ventures Fund, ArrowPath Fund and Mobius Technology Ventures are listed as beneficial owners.

Compiled by Terence O'Hara.

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