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Tokai raises $35.5m to continue prostate cancer trials

This article was originally published in Scrip

Executive Summary

The day after Bayer Healthcare received FDA approval for its prostate cancer drug Xofigo, venture investors have once again backed Tokai's lead product galeterone (TOK-001), which is in development for the same indication. Tokai has raised $35.5 million in Series E financing for its ongoing Phase II trial for galeterone as a treatment for castration-resistant prostate cancer (CRPC).



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