Led By Former Kythera Executives, Unity Raises $116m To Make Aging Less Painful
Executive Summary
Former Kythera founder Ned David and the CEO Keith Leonard that sold the double chin drug developer to Allergan are tackling more serious problems associated with aging in their newly funded company Unity.
You may also be interested in...
Finance Watch: The Curious Case Of Proteostasis' Short Attack
Proteostasis planned to raise cash this week, but scrapped the offering after an investor that shorted the stock published a scathing report. Also, Arena raised more than $350m in an offering after its positive Phase II etrasimod data, and venture capital flows to biopharma firms with big ideas.
Finance Watch: 2Q Brings Cost Cuts, Strategic Reviews For Many Biotechs
Peregrine, Ardelyx, Egalet and others reduced expenses and sought alternatives in the second quarter. Also, cell and gene therapy investment rises, FibroGen priced a $326m offering and Unity increased its Series B by $35m.
Scientists Marched To Protect NIH Grants, But Where Was Pharma?
Funding from the US National Institutes of Health is a vital source for biomedical research and pharmaceutical pipelines in turn – but biopharma companies have been largely silent on the matter.