Somnus raises series A to advance sleeping pill in Phase II
This article was originally published in Scrip
Somnus Therapeutics, a private US firm developing a delayed-release sleep-maintenance therapy, has raised $15 million in a series A round. The financing was led by CTI Life Sciences Fund with Care Capital, the company's seed investor, also participating.
You may also be interested in...
The UK's main reimbursement bodies made a series of decisions this week that were broadly favorable and largely focused on oncology medicines.
While troubled Valeant was divesting iNova to private equity investors, Novartis announced a pair of oncology-focused deals, out-licensing a brain cancer drug to Midatech and partnering with IBM Watson Health to optimize breast cancer treatment.
Astellas and Pfizer have amended the PROSPER trial protocol in a bid to position Xtandi ahead of Zytiga in the early stage prostate cancer market.