Neal Fowler’s new Triangle pharma raises $150M despite tough funding environment


A Triangle startup that launched last year has landed a $150 million financing deal as it moves its lead program into late-stage clinical trials.

Pathalys Pharma, led by former Liquidia CEO Neal Fowler, announced the deal this week. It includes a combination of equity and product financing. The funding will support two upcoming phase 3 studies and subsequent pre-commercialization activities for the startup's lead drug, upacicalcet.

Life sciences investment firm Abingworth led the financing, which…

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