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Clavis Pharma raises $27 million

This article was originally published in Scrip

Executive Summary

Oslo-listed Clavis Pharma has closed a private placement to raise NOK163 million ($27 million). The money will give it greater flexibility in negotiating out-licensing deals, envisaged in 2013, and to consider new cancer product opportunities, it said. The firm has two advanced-stage oncology products, elacytarabine and CP-4126, for which key data is expected over the next year or so.

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