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Tioga raises funds for Phase III of former Merck KGaA drug in D-IBS
18 February 2010
Sukaina Virji

sukaina.virji@informa.com

Tioga Pharmaceuticals has raised $18 million to finance a Phase III trial of asimadoline for the treatment of patients with diarrhoea-predominant irritable bowel syndrome (D-IBS).

Tioga was set up in 2005 as a Merck KGaA spin-out founded by investment firm Forward Ventures to pursue asimadoline,...



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