December 9, 2015
Worcester biopharma closes Series A round
Staff photo
Timothy P. Coleman, president and CEO of of Worcester-based biopharma Nemucore
Worcester-based biopharmaceutical startup Nemucore Medical Innovations said it has closed its Series A financing round to fund the advance of its clinical-stage ovarian cancer therapy, among other activities.
The therapy, called NMI-900, will proceed to a phase 2b trial in ovarian cancer. Meanwhile, the funding will also help expand Nemucore’s oncology pipeline and support general corporate purposes, according to a statement. Financial terms were not disclosed.
Nemucore President and CEO Timothy P. Coleman said in a statement that the Series A round “recognizes the capital efficiency of our organization, as we have successfully advanced novel therapies for difficult-to-treat cancers.”
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