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Proceeds from the financing will be used for the advancement of the company’s tizanidine implant product (DLP-208) for moderate-severe spasticity. DLP-208 can provide sustained therapy for several months, while only requiring a 10-minute procedure in an outpatient setting.
Lead Product(s): Tizanidine HCl
Therapeutic Area: Musculoskeletal Product Name: DLP-208
Highest Development Status: Undisclosed Product Type: Small molecule
Partner/Sponsor/Collaborator: National Institutes of Health
Deal Size: $2.5 million Upfront Cash: Undisclosed
Deal Type: Funding November 16, 2021