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Targacept plans $75M fund raising, as it will develop PhII schizophrenia candidate on its own

This article was originally published in Scrip

Executive Summary

Targacept wants offer at least $75 million in stock to fund its clinical-stage product candidates. The move follows a few weeks after the company said it would be moving forward on its own with schizophrenia candidate TC-5619 after a decision by AstraZeneca to bail on its option for the compound..

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