Following Private Placement, RXi Has Funds to Last into 2015 | GenomeWeb

Having just raised $16 million through the sale of around 113 million shares, RXi Pharmaceuticals last week said that it now has the financial means to funds its operations, including the phase II development of its lead RNAi drug candidate, into 2015.

Meanwhile, work continues on other preclinical programs through collaborations and with the support of National Institutes of Health funding, while RXi prepares to start testing the therapeutic potential of the RNAi assets it recently acquired from Opko Health.

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