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Biotech firm raises USD 80m for pharmaceutically treating hearing loss

US-based Pipeline Therapeutics has raised USD 80m to be put towards developing a pharmaceutical treatment against hearing loss.

Photo: Joachim Adrian/Politiken/Ritzau Scanpix

A series of new institutional investors are so confident about one particular drug candidate for treating hearing loss from biotech firm Pipeline Therapeutics that they, alongside existing investors, have posted USD 80m in the San Diego-based company.

Pipeline Therapeutics focuses on the development and commercialization of small molecules, which can be used for neuroregeneration, and the company is currently enrolling patients for a phase I-IIa study with leading candidate Pipe-505 for the treatment of so-called sensorineural hearing loss (SNHL), states Pipeline Therapeutics in a press release.

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