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    [{"orgOrder":0,"company":"XWPharma","sponsor":"Panacea Venture","pharmaFlowCategory":"D","amount":"$40.0 million","upfrontCash":"Undisclosed","newsHeadline":"XWPharma Announces $40 Million Financing and Appoints Leonard Blum as Chief Executive Officer","therapeuticArea":"Sleep","highestDevelopmentStatus":"Phase I","country":"U.S.A","productType":"Small molecule","productStatus":"New Molecular Entity","date":"September 2020","url1":"","url2":"","graph1":"Sleep","graph2":"Phase I"}]

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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 I Product 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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