San Diego-based Somaxon Pharmaceuticals, a specialty pharmaceuticals firm working on insomnia on other drugs, said today that it has raised $5M in a private placement. The firm said it raised the $5M from Paladin Labs, Inc., and comes in conjunction with an exclusive collaboration deal with Paladin. Paladin is commercializing Somaxon's Silenor compound for treating insomnia in Canada, South America, and Africa.
Top NewsMonday, June 13, 2011
Somaxon Gets $5M In PIPE