Toronto’s AmacaThera is preparing clinical trials of a drug delivery hydrogel that could diminish the need for prescription opioid painkillers after surgery.
AmacaThera, a Canada-based drug release hydrogel developer based on University of Toronto research, has raised C$3.3m ($2.5m) in a seed round co-led by drug design services provider Viva Biotech. Sprout BioVentures co-led the round, with participation from early-stage investment fund Grey Sky Venture Partners. The deal remains open to additional investors, with a second close…
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