Greenberg Traurig Advises Intec Pharma on $57.5M Offering
A Greenburg Traurig team represented Intec Pharma Ltd. in a public offering that raised $57.5 million that the company intends to use to fund further clinical trials of a product that could improve the treatment of symptoms of advanced Parkinson's disease.
August 30, 2017 at 04:00 PM
23 minute read
A Greenburg Traurig team represented Intec Pharma Ltd. in a public offering that raised $57.5 million that the company intends to use to fund further clinical trials of a product that could improve the treatment of symptoms of advanced Parkinson's disease.
The platform technology on which the product is based is also part of a proposed medical marijuana drug that is in clinical trials in Israel.
Intec Pharma is a clinical stage biopharmaceutical company focused on developing drugs based on its proprietary Accordion Pill platform technology, which is meant to increase the amount of time a medication is available for absorption in the gastrointestinal tract. The company intends to use money from the recent offering to fund Phase III clinical trials for Accordion Pill Carbidopa/Levodopa for Parkinson's disease symptoms, as well as for working capital and general corporate purposes.
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