Omnitura acquires $24 million in private financing
This article was originally published in Scrip
Omnitura Therapeutics has entered into a $24 million private placement to finance its operations until 2012. The US company will use the proceeds to perform clinical trials of its lead multivalent cancer therapy, Aneustat (OMN54). The candidate is a first-in-class multifunctional multi-targeted therapy designed to manage the heterogeneous nature of cancer. The investments will be made in three tranches with $16 million due this year and a further $8 million to come before December 31st, 2010.
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