PDC Biotech GmbH (PDC) today announced the close of a Series A financing of over €4 million. MIG Verwaltungs AG (Munich) and Edmond de Rothschild Investment Partners (Paris) co-led the round.
Proceeds from the financing will be used to complete preclinical work and the first clinical study of the company's lead compound, PDC31 which is being developed for the treatment of preterm labour and primary dysmenorrhea. The company is expecting to conclude the remaining preclinical work early in mid 2010 and then conduct the Phase I/II trial.
PDC31 is a peptide antagonist of the prostaglandin F2a (FP) receptor, the lead
Proceeds from the financing will be used to complete preclinical work and the first clinical study of the company's lead compound, PDC31 which is being developed for the treatment of preterm labour and primary dysmenorrhea. The company is expecting to conclude the remaining preclinical work early in mid 2010 and then conduct the Phase I/II trial.
PDC31 is a peptide antagonist of the prostaglandin F2a (FP) receptor, the lead
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