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PDC Biotech GmbH Kärntner Ring 10 1010 Vienna, Austria, Austria http://www.pdcbiotech.com/
Contact Ms Diane Kalina +43 1 890007720
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PDC Biotech GmbH

PDC Biotech GmbH Announces Close of Series A Financing

(PresseBox) (Vienna, Austria, )
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
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.