Euthymics expands series A financing to work on 'next generation Straterra'

Euthymics Bioscience has added $4 million to its series A financing to fund preclinical development of its second product candidate, EB-1020, a non-stimulant for adult attention deficit hyperactivity disorder (ADHD). The product is "a different drug altogether" from Shire's non-stimulant ADHD drug Intuniv (guanfacine), Euthymic's president and CEO, Anthony McKinney, told Scrip.

"Members of our leadership team were involved in the development of the first non-stimulant developed for ADHD, Lilly's Straterra (atomoxetine), and we've built on the lessons from that. We have...