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GSK Spins Out Pain Assets Into Convergence

This article was originally published in Start Up

Executive Summary

The first spin-out company to result from GlaxoSmith-Kline PLC’s exit from key CNS areas including pain and depression was announced on October 4. UK-based Convergence Pharmaceuticals Ltd. raised $35.4 million (£22.4 million) in one of Europe’s largest Series A rounds.

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