Diabetes firm brings in additional USD 10m for phase III trial

Vtv Therapeutics has raised around USD 35m over the summer, proceeds that have gone to an imminent phase III trial of a type 1 diabetes treatment candidate.

Photo: Malina Petr/AP/Ritzau Scanpix

After another financing round has been completed, US-based Vtv Therapeutics has secured an additional USD 10m funding, this time from investment firm Cinpax, the biotech firm reports in a press release.

The investment comes hot on the heels of G42 Healthcare’s USD 25m injection into the biotech company, bringing the total of raised funds over a short time to USD 35m.

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