Savara hunts cash after doubling down on late-stage respiratory drugs
Austin-based Savara Therapeutics got started in biotech with a list of angel investors and a lead program that looked to develop an inhaled dry powder formulation of vancomycin for cystic fibrosis sufferers. Now, with its Phase III looming at the end of the year, the company has lined up another late-stage therapy, picking up the respiratory assets of Danish biotech Serendex in an acquisition as it hunts up fresh millions to do a considerable amount of development work.
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