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Merck KGAA forms IBS spin-out Tioga Pharmaceuticals
19 Sep 2005
Executive Summary
Merck KGAA has spun out Tioga Pharmaceuticals, a new company formed to further develop Merck's asimadoline for irritable bowel syndrome (IBS). Tioga raised an undisclosed amount in its Series A financing (including an investment by Forward Ventures), and is already planning to raise additional funds.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Financing
- Private Placement
- Spin-Off
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