Intarcia Raises $215m As NDA For ITCA 650 Slips To Fourth Quarter

Intarcia announced $215m in new equity financing and revised its NDA submission timeline for the second time since it reported positive Phase III results for ITCA 650 versus Januvia in mid-2015.

Intarcia Therapeutics Inc. keeps slipping behind schedule in its quest to submit a new drug application (NDA) for the once- or twice-yearly diabetes drug candidate ITCA 650 to the US FDA, but that hasn’t hampered the private company’s ability to raise money as new and prior investors recently supplied $215m in equity.

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