ROCKVILLE, Md.- Supernus Pharmaceuticals, Inc. today announced that it recently closed a second non-dilutive financing transaction that brings the total funds raised to date against royalties from its partnered products to more than $110 million. In April 2008, the company announced a $75 million transaction secured by royalties generated from partnered products using Supernus technologies.
"We are pleased to be able to raise a significant amount of cash in this challenging environment to further develop our pipeline and accelerate our progress towards becoming a leading specialty pharmaceutical company treating diseases of the central nervous system (CNS),” said Jack Khattar, President and Chief Executive Officer.
“In addition, we have expanded our R&D portfolio to include mazindol as a potential treatment for ADHD,” Khattar said. “We have in-licensed significant intellectual property in the ADHD area and believe mazindol could be a promising new treatment.”
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