A.P. Pharma raises $53.6mn to give long-acting granisetron a second NDA shot
This article was originally published in Scrip
A.P. Pharma is raising $53.6 million through a common stock offering to new and existing institutional investors to see if the second time is the charm for APF530, a reformulated 5-HT3 antagonist in development to treat delayed- and acute-onset chemotherapy-induced nausea and vomiting (CINV), which the company sees as a $900 million-per-year market.
You may also be interested in...
Nuvation started in 2018 and raised a $275m series A round in 2019. Now it is merging with the EcoR1 Capital-sponsored SPAC Panacea Acquisition Corp. and raising $500m in equity capital.
Public Company Edition: Codiak, Kiromic, Aligos and Opthea have fallen below their initial public offering values, while Tarsus and Praxis are trading higher. Also, 5AM, MPM and Cormorant took biotech SPACs public and Evotec led recent non-IPO financings with a €250m private placement.
Private Company Edition: Venture capital invested in pharma and biotech in 2020 totaled $19.5m through Q3, just $400m below the full-year record total of $19.9bn in 2018. Also, Canaan and Catalio reveal new VC funds, while Talaris’s $115m series B leads recent financings.