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Vernalis Emerges from Rough Patch with Royalty Stream, Cash

By Jennifer Boggs


Tuesday, February 16, 2010
Vernalis plc is raising £30 million (US$47 million) in a stock sale to buy back its royalty stream for migraine drug frovatriptan and shore up its bank balance ahead of much-awaited data from its Phase IIb trial of V3381 in neuropathic pain. (BioWorld Today)

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