Financing, Financings, Pharma

Auris Medical secures $50.6 million in Series C financing

Posted on 17 April 2013

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Auris Medical secures $50.6 Million in Series C financing deal.

Pharmaceutical company, Auris Medical, has secured CHF 47.1 m ($50.6 million) in a Series C financing deal from Sofinnova Ventures and Sofinnova Partners to advance ground-breaking therapy for inner ear problems, such as tinnitus, through Phase III clinical development.

Two leading venture capital firms, Sofinnova Ventures and Sofinnova Partners participated in the financing deal.

Financing will enable the pharmaceutical company to advance its two clinical projects, AM-101 for the treatment of acute tinnitus and AM-111 for the treatment of acute inner ear hearing loss, through Phase III studies and ultimately to market launch.

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