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Business
Two specialist biotechs step out
by Michael McCoy
April 4, 2016
| A version of this story appeared in
Volume 94, Issue 14
Iterum Therapeutics is launching with a focus on differentiated anti-infectives. The firm raised $40 million in a first round of venture capital financing and has licensed a compound from what it calls a top-tier multinational company. Iterum’s CEO, Corey Fishman, was an executive with the antibiotics firm Durata Therapeutics, which was sold to Actavis in 2014. Meanwhile, the pain specialist Centrexion Therapeutics just acquired a pipeline of non-opioid pain treatments from Boehringer Ingelheim. Headed by former Pfizer CEO Jeff Kindler, Centrexion has raised $58 million to date.
The power is now in your (nitrile gloved) hands
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