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Karo Bio Rakes in $80M for Eprotirome Development

By Cormac Sheridan


Wednesday, October 27, 2010
With the start of pivotal Phase III clinical trials for eprotirome looming, Karo Bio AB has secured SEK530 million (US$79.7 million) to fund the research, by raising SEK300 million in a forthcoming rights issue that is fully guaranteed and another SEK230 million in an equity-based credit facility. (BioWorld International)

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