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NuPathe privately raises $28mm

Executive Summary

NuPathe Inc. (neurological drug delivery) has raised $28mm by selling 14mm units at $2 to first-time and returning institutional and individual investors led by Quaker Bioventures II and Safeguard Delaware. The company says the funds will sustain operations for one year, including gaining approval for its lead candidate, the transdermal migraine patch NP101 (sumatriptan), securing a partner, and pre-launch preparations.
Deal Industry
  • Biotechnology
  • Medical Devices
    • Implantable Devices
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
      • Transdermal
Deal Status
  • Final
Deal Type
  • Financing
    • Other
    • Private Placement

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