OctoPlus secures Euro 18.25 million in second financing round
The funds will be used primarily to further expand OctoPlus' portfolio of products based on its proprietary drug delivery platforms OctoDEX(tm) and PolyActive(tm). These platforms enable development of novel controlled release formulations for established and experimental biopharmaceutical drugs. Controlled release formulations reduce injection frequency and increase patient comfort and compliance. They can also improve safety and efficacy of a drug by avoiding large fluctuations of drug levels in the blood and achieving prolonged high concentrations in target organs and tissues.
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