Cash-strapped biotech flips ex-Med­Im­mune an­ti-in­flam­ma­to­ry drug for $15M cash

Hav­ing turned to lay­offs ear­li­er this year to tight­en its fi­nan­cial belt, mi­cro­cap biotech Ava­lo Ther­a­peu­tics has now added some much-need­ed cash to the bank …

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