Silenseed Files for $36.4M IPO as it Nears Phase II Trial for Pancreatic Cancer Therapy | GenomeWeb

NEW YORK (GenomeWeb) – Israeli RNAi drug developer Silenseed has filed to go public in the US, looking to raise around $36.4 million to support the continued clinical development of its oncology pipeline and the implantable delivery system that enables it.

According to Silenseed CEO and Co-founder Amotz Shemi, the company had been exploring opportunities to raise the money needed to conduct the clinical testing of its flagship pancreatic cancer treatment, which recently completed a Phase I study, eventually deciding to pursue an initial public offering on the Nasdaq.

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