VANCOUVER, British Columbia - For maturing Canadian biotech firms, an inherent financing difficulty is the lack of available mezzanine-level funding in their country. Although that can be overcome by attracting U.S. venture capitalists, that sometimes is easier said than done.
About two weeks after pulling down $32 million to fund its Phase III trial with the sulfonylhydrazine alkylating agent cloretazine in acute myelogenous leukemia, Vion Pharmaceuticals Inc. has reached agreement with the FDA on a special protocol assessment. (BioWorld Today)
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