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    XWPharma Announces $40 Million Financing and Appoints Leonard Blum as Chief Executive Officer

    Details:

    XWPharma expects to use proceeds to advance clinical development of the company’s lead investigational programs: XW10172, a GABAB receptor agonist intended for the treatment of sleep disorders in narcolepsy, Parkinson’s disease and other neurodegenerative diseases.


    Lead Product(s): XW10172

    Therapeutic Area: Sleep Product Name: XW10172

    Highest Development Status: Phase IProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Panacea Venture

    Deal Size: $40.0 million Upfront Cash: Undisclosed

    Deal Type: Series C Financing September 17, 2020

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