SANTA BARBARA, Calif., Oct. 2, 2013 /PRNewswire/ -- VG Life Sciences, Inc. (VGLS) is a publicly traded biotechnology company focused on delivering treatments for patients suffering from autoimmune and chronic inflammatory disorders. VG Life Sciences is pleased to announce the closing of a significant capital event. MedBridge Venture Fund, LLC has made a cash investment in the Company of $2,235,000. This is in addition to the $550,000 cash investment made by MedBridge, LLC in March. This new funding will enable VG Life Sciences to begin and complete many key milestones outlined in the Company's July Investor Letter and meet short term capital needs. "We have moved quickly since July to secure this necessary capital in order to take the next pre-clinical step in the development of our custom and patented Targeted Peptide Technology and to restore financial accountability to the company," said John Tynan, VG Life Sciences' Interim President and CEO.