Tokai Secures Financing to Advance Cancer Drug Study
Tokai Pharmaceuticals has received $23m funding in a Series D3 financing to support its ongoing clinical development of galeterone.
Cambridge, MA-based prostate cancer drug developer Tokai Pharmaceuticals has raised $23m in a Series D3 financing to support the ongoing clinical development of galeterone (TOK-001), a treatment for castration-resistant prostate cancer.
The financing round was led by current investors, Novartis Venture Fund and Apple Tree Partners.
TOK-001 has completed an initial proof-of-concept Phase I clinical trial, and additional funding will advance galeterone into Phase II clinical development.
The Phase I proof-of-concept clinical trial, part of the Androgen Receptor Modulation Optimized for Response (ARMOR) clinical development programme, enrolled 49 patients to evaluate dose escalating levels of galeterone and saf
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