Idorsia Raises $630m For Daridorexant Launch And Pipeline Push

Insomnia Drug Submission Soon

With the US filing of its non-sedative sleeping pill now imminent, the Swiss biotech is also adding to its war chest to advance Phase III drugs aprocitentan, clazosentan and lucerastat.

Swiss francs
Cash injection for Idorsia • Source: Shutterstock

Idorsia Pharmaceuticals Ltd has raised a significant sum to cover preparations for the launch of its insomnia drug, daridorexant, and help fund a promising late-stage pipeline.

The Swiss biotech has launched a rights offering that will bring in around CHF575m ($630m) to support the US regulatory filing and, if approved, launch of its insomnia pill, daridorexant

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