Intarcia 'on cloud nine' after $210m private funding for once-yearly exenatide implant

Intarcia Therapeutics raised a whopping $210 million in private financing in concurrent transactions to fund Phase III development of its type 2 diabetes product candidate ITCA 650, which consists of the glucagon-like peptide-1 (GLP-1) receptor agonist exenatide delivered continuously by a matchstick-sized, subcutaneously-implanted osmotic pump.