OncoTartis has concluded a $6 million financing round to support the Phase 1 clinical trial of the lead drug candidate OT-82.
OncoTartis Closes $6M Financing Round. BUFFALO, N.Y., Dec. 11, 2017 /PRNewswire/ -- OncoTartis, Inc., a biotechnology company developing a novel category of anti-cancer drugs, has concluded a $6 million financing round to support the Phase 1 clinical trial of its lead drug candidate, OT-82. Participants in the round included Norma Investments, representing businessman Roman Abramovich, and Pharmstandard International S.A., a venture arm of the largest Russian pharmaceutical company, based in Luxembourg. OT-82 has been isolated for its selective toxicity for a broad range of hematological malignancies. The drug candidate, a Nicotinamide phosphoribosyltransferase (NAMPT) inhibitor, has demonstrated high efficacy in a variety [...]