Acacia Pharma raises £15 million to advance clinical development of lead products for supportive care

09-Sep-2013 - United Kingdom

Acacia Pharma announced it has raised £15 million (~$23.5 million) in a Series B financing led by Fidelity Biosciences and Novo A/S. Current investors Gilde Healthcare and Lundbeckfond Ventures also participated in the round. Dr Alex Pasteur of Fidelity Biosciences and Dr Martin Edwards of Novo A/S have joined the Board of Acacia Pharma as Non-executive Directors.

Acacia Pharma will use the proceeds to:

  • complete Phase III development of APD421 for the prevention of post-operative nausea & vomiting (PONV);
  • complete Phase II development of APD403 for the prevention of chemotherapy induced nausea & vomiting (CINV); and
  • develop the commercial presentation of APD515 for the treatment of xerostomia (dry mouth) in advanced cancer patients.

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