Biotech Developing Lower Back Pain Remedy Raises $6 Million
8/21/2013 7:51:36 AM
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The serial entrepreneur who founded and led pediatric drug developer NextWave Pharmaceuticals which Pfizer acquired last year, is now part of a management team interested in developing a treatment for lower back pain. The condition affects about 31 million people in the U.S., according to the American Chiropractic Association. Mahendra Shah, a venture partner with Vivo Ventures and the executive chairman of Semnur Pharmaceuticals, told MedCity News in a phone interview that the company has raised $6 million as part of a $30 million round to advance its injectable drug for lower back pain.
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