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Article: BDSI Secures $7 Million Financing Commitment For Development of BEMA(TM) Fentanyl; Funding Targeted for Phase III Trials of Cancer Pain Medication.
- Article from:
- Business Wire
- Article date:
- July 18, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MORRISVILLE, N.C. -- BioDelivery Sciences International, Inc. (NASDAQ:BDSI) (NASDAQ:BDSIW) announced today that it has entered into a clinical development and license agreement with Clinical Development Capital, LLC ("CDC") pursuant to which CDC will provide up to $7 million in funding for Phase III clinical trials relating to BDSI's BEMA(TM) Fentanyl product. BEMA(TM) Fentanyl is being targeted for use as a treatment for "breakthrough" cancer pain, meaning episodes of severe pain that "break through" the medication used to control persistent pain associated with the disease. BDSI has previously disclosed that it intends to initiate Phase III trials of BEMA(TM) Fentanyl ...