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Nitec Pharma raises CHF24 million

This article was originally published in Scrip

Executive Summary

The Swiss pharmaceutical company Nitec Pharma has defied market conditions by raising CHF24 million ($21 million). This adds to the CHF32 million that it raised in a series B financing early last year, and it will use the money primarily to develop its lead product Lodotra (night-time release prednisone) for rheumatoid arthritis.

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