Serentis invests to advance dermatology pipeline

Published: 15-Aug-2008

UK biopharmaceutical company Serentis has closed a


UK biopharmaceutical company Serentis has closed a £10m (Euro 12.6m) financing, expanding the total of its Series A financing to £15.3m ( €19.3m). The funding will be used to advance and expand Serentis" dermatology pipeline.

Founded in 2006, the company's strategy is to establish a clinical-stage development pipeline and to move projects rapidly through proof-of-principle trials. The pipeline is sourced from in-house, low-risk research programmes and through licensing or acquisition of projects from external sources.

The pipeline includes SRD441, a topical therapy with a new mode of action for the treatment of atopic dermatitis (AD) and SRD174, a topical treatment for pruritus (itch), a distressing symptom of AD.

"Since our initial financing a year ago, Serentis has made significant progress in identifying and developing our pipeline," said Tim Sharpington, ceo and co-founder of Serentis. "These funds will enable us to move our lead products towards key clinical milestones and to identify additional projects."

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