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Stock impact report

Slate Medicines raises $130m in funds to progress anti-PACAP treatments [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
The funding coincides with the in-licensing of SLTE-1009, an anti-PACAP monoclonal antibody acquired from DartsBio Pharmaceuticals (Guangdong). The company is headed by CEO and board director Gregory Oakes, who brings more than 30 years of experience from clinical-stage and commercial biopharma organisations. Oakes previously worked as a venture partner at Raven, RA Capital's healthcare arm, and held executive roles at Celgene, Landos Biopharma, Vifor Pharma, and Novartis. Neil Buckley has joined as COO and president after serving as a venture partner at Raven. The clinical team includes chief medical officer Roger Cady, a specialist in headache medicine and former neurology vice-president at Alder Biopharmaceuticals. Also referred to as DS009, SLTE-1009 is a monoclonal antibody developed to target PACAP to prevent migraines and other headache disorders. PACAP is considered a distinct clinically validated target compared to calcitonin gene-related peptide (CGRP), possibly o Show less Read more
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