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Financings Roundup

Ablynx Pads Cash Reserves to Push RA Drug into Phase IIb

By Nuala Moran
Staff Writer

Tuesday, March 5, 2013
LONDON – Ablynx NV raised €31.5 million (US$41 million) in a private placement, boosting cash reserves to around €90 million and allowing the company to progress development of its next-generation rheumatoid arthritis (RA) product ALX-0061 into Phase IIb, while negotiating with potential partners.

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