TITLE

Auris Medical Gets $51M For Hearing Disorder Drugs

AUTHOR(S)
Sheridan, Cormac
PUB. DATE
April 2013
SOURCE
BioWorld International;4/17/2013, Vol. 18 Issue 16, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that biotechnology firm Auris Medical AG received 50.8 million U.S. dollars in a Series C funding from Sofinnova Ventures and Sofinnova Partners. The funding will be allocated to study lead drug candidates, AM-101 and AM-111 for acute tinnitus and acute inner ear hearing loss, respectively. According to Thomas Meyer, founder and managing director of Auris Medical, the company is in special protocol assessment process with the U.S. Food and Drug Administration (FDA).
ACCESSION #
87065836

 

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