Aerial Biopharma Announces Closing of Second Tranche of Series A; Expects to Complete Phase 2b Trial for Narcolepsy Drug in 2013.
MORRISVILLE, NC – (February 20, 2013) – Aerial BioPharma announced today that the company has completed the second tranche of its $12 million dollar Series A financing. The company has now raised $9.5M, with the third and final tranche of the Series A to be completed in the fourth quarter of 2013. The funding will allow the company to complete the Phase 2b trial for ADX-N05, the company’s lead product for the treatment of excessive daytime sleepiness associated with narcolepsy. After positive, Phase 2a results for ADX-N05 in mid-2012, Aerial began enrolling the Phase 2b trial in...Read More
Diazepam Nasal Spray, Pre-NDA Stage Epilepsy Product, Added to Acorda’s Neurology Pipeline ARDSLEY, N.Y.–(BUSINESS WIRE)–Dec. 21, 2012– Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that the Company has completed the acquisition of Neuronex, Inc., a privately held company developing a nasal spray formulation of diazepam. Under the terms of the agreement, Acorda paid $6.8 million to Neuronex to complete the acquisition. “Diazepam Nasal Spray is an important addition to our pipeline and aligns with our core strategy to develop and commercialize products that...Read More