De-Kalo Ben-Yehuda - Intec Pharma raised $3.15m in a private placement transaction with DB

Intec Pharma raised $3.15m in a private placement transaction with DB

February 20, 2006

Intec Pharma raised $3.15m via private placement transaction.

Intec Pharma’s proprietary Accordion Pill® represents a breakthrough in drug delivery. The Accordion Pill is a novel Gastric-Retention dosage Form (GRDF) platform technology. The Accordion Pill is an expandable, biocompatible and biodegradable drug-polymer matrix which offers the unique capacity to control independently the release of drug and gastric retention time. All existing oral drug delivery technologies require that gastric retention and controlled-release be interdependent.