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

BY ALBERT RØNNING-ANDERSSON, TRANSLATED BY NIELSINE NIELSEN

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.

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