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CoLucid raises $7.5M for Phase II oral migraine therapy

This article was originally published in Scrip

Executive Summary

CoLucid Pharmaceuticals, a US biotech company founded in 2005 by Pappas Ventures to focus on CNS disorders, has raised $7.5 million of a planned $9.5 million convertible note to take the company's lead product candidate, the novel migraine treatment lasmiditan (COL-144), into late-stage development. It is speaking with potential partners, and plans to move the compound into Phase III studies in 2012.





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