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Novartis Venture Fund leads $7M round for developer of adult ADHD medication

A Boston-area startup emerged from the depths of stealth mode today touting a $7 million financing round that will help it move toward clinical trials of a drug that would treat attention-deficit/hyperactivity disorder (ADHD) without addictive side effects.EB-1020, Neurovance Inc.’s lead drug candidate for ADHD, acts on three neurotransmitters: norepinephrine, dopamine and serotonin. Other behavioral […]

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Biosciences brought N.C. more than $1.1B in the last year, report says

(Opens in a new window)North Carolina life science companies hauled in more than $1.1 billion worth of investments and grant money(Opens in a new window) in the last year, according to a report from the North Carolina Biosciences Organization(Opens in a new window).NCBIO, a Durham, North Carolina-based trade group, presented the figures to state legislators […]

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Akebia Therapeutics gets thumbs up from clinical trial, investors

(Opens in a new window)Updated 6:47 p.m.Small molecule(Opens in a new window) discovery and development company Akebia Therapeutics Inc.(Opens in a new window) reported positive results from a second Phase 1 clinical trial of its anemia drug, as well as the second closing of a $16 million financing round announced almost a year ago, boosting […]

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Cellectar completes patient enrollment in Phase 1 cancer trial

(Opens in a new window)Radiopharmaceuticals company Cellectar Inc.(Opens in a new window) has enrolled the last of eight patients(Opens in a new window) in a Phase 1 trial of its cancer-treating drug candidate.The trial is designed to measure drug safety and dosimetry(Opens in a new window) of Cellectar’s lead compound, called CLR1404. Dosimetry refers to […]

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Cardiovascular biopharma Akebia takes additional funding to develop 2 drugs

The company stated it raised additional money to ensure the development of two of its drugs. Akebia plans later this year to start Phase I clinical trials on an oral medication designed to create new red blood cells in anemia patients. In addition, it wants to establish a human clinical proof of concept for a second drug that prevents vascular leak syndrome, in which blood components leak out of veins and into other systems -- a side effect of some cancer treatments.