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SiteOne Therapeutics raises $100M to develop non-addictive pain medications, avoiding opioid risks.
San Francisco-based biotech SiteOne Therapeutics has raised $100 million to develop non-opioid pain medications.
The funding, led by Novo Holdings, will support clinical trials for their ion channel modulators, targeting sensory hyperexcitability disorders like chronic pain and itch.
The company aims to avoid the side effects and addiction risks of opioid drugs by focusing on the peripheral nervous system.
New board members and an executive chairperson have been added to guide the company's growth.
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SiteOne Therapeutics recauda $100M para desarrollar medicamentos no adictivos para el dolor, evitando los riesgos de los opioides.