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Idorsia Makes Progress With Quviviq, But Needs Cash To Fund Big R&D And Launch Spending

CEO Loans Company $75m From Own Funds

 
• By Andrew McConaghie

Idorsia has a serious cashflow problem because of major R&D and drug launch commitments, but is banking on its blockbuster bets coming good, including two potential first-in-class cardiovascular drugs.

Idorsia building

Specialist Swiss pharma company Idorsia is spending big to help launch its blockbuster-tipped insomnia drug Quviviq and fund a pivotal study of its heart attack treatment selatogrel, but urgently needs more cash to help tide it over.

The company is investing heavily in a salesforce push and a direct-to-consumer advertising featuring ex-Friends actor Jennifer Aniston to promote awareness of Quviviq

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