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Sosei CEO Says Recent $199m Equity Raising Will Help Pipeline Expansion

 
• By Sten Stovall

Japan-based Sosei's recent equity offering made its shareholder base more international and will help finance the evolution of the group's proprietary pipeline.

Big money
Sosei Says Now Has Funds Needed To Expand Drug Candidate Dscovery And Development • Source: Shutterstock

Three years after buying UK biotechnology firm Heptares Therapeutics Ltd. as its in-house R&D engine, Sosei Group Corp. has successfully raised $199m from stock market investors to advance its proprietary pipeline to the next level while also progressing its growing stable of product partnerships.

Japanese company Sosei bought Heptares in February 2015 to use the acquisition's GPCR targeted structure based drug design and receptor stabilizing technology for scale opportunities in the belief the GPCR universe offers massive potential

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