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flag SiteOne Therapeutics raises $100M to develop non-addictive pain medications, avoiding opioid risks.

flag San Francisco-based biotech SiteOne Therapeutics has raised $100 million to develop non-opioid pain medications. flag The funding, led by Novo Holdings, will support clinical trials for their ion channel modulators, targeting sensory hyperexcitability disorders like chronic pain and itch. flag The company aims to avoid the side effects and addiction risks of opioid drugs by focusing on the peripheral nervous system. flag New board members and an executive chairperson have been added to guide the company's growth.

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