Aptinyx Advances NMDA Receptor Modulators To Ease Pain
• By Mike Ward
In the two years since Aptinyx was spun-out from predecessor Naurex, the US biotech has gone from being a preclinical company to one with two Phase II programs and a third to enter that stage in 3Q 2018. Company president and CEO, Norbert Riedel met up with Scrip at the 2018 Biotech Showcase and revealed how Aptinyx intends to spend the $70m it raised in a series B financing late last year.
Lupin's choice of a Cimzia biosimilar candidate and partnering with Zentiva reflect a strategy to sort the wheat from the chaff. Of 118 biologics to lose patent protection between 2025 and 2034 as per IQVIA, it’s going for a biosimilar with a single competitor though there could be other spoilers
Private Company Edition: Catalio raised more than $400m for its fourth health care-focused VC fund, while AN Venture Partners raised $200m for Japan and beyond. In VC financings, among a dearth of mega rounds, Neuron23’s $96.5m series D is the largest round in recent weeks.