Auris Medical Gets $51M for Hearing Disorder Drugs
By Cormac Sheridan
Wednesday, April 17, 2013
In one of Switzerland's and Europe's largest biotech private equity deals for some time, Auris Medical AG landed CHF47.1 million (US$50.8 million) in a Series C funding from the two Sofinnovas, Sofinnova Ventures and Sofinnova Partners, to take forward its two lead drug candidates, AM-101 and AM-111, in acute tinnitus and acute inner ear hearing loss, respectively.
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