August 29, 2018 02:00 AM EDTUpdated 05:43 AM

GSK spinout KaNDy raises $32M to fund a breakthrough shot at a women's health drug

Amber Tong

Senior Editor

Image: Mary Kerr KANDY THERAPEUTICS

For women experiencing symptoms of menopause — hot flashes, sleep and mood problems among others — hormone replacement therapy is often the only relief. But it comes with a cost: From breast swelling to cardiovascular risks, the side effects of such treatment are well known.

KaNDy Therapeutics, a UK biotech created to address this very problem, has just raised $32 million (£25 million) to test out a non-hormonal approach.

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Unlock this article instantly by becoming a free subscriber.

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