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Fat-shedding pill's data lead to a $132M funding round for startup Rivus Pharma

Rivus Pharmaceuticals’ Series B round will finance ongoing clinical development of its lead drug, a pill that targets mitochondria to increase caloric expenditure. CEO Allen Cunningham said the new cash comes on the heels of results from a mid-stage obesity study treatment with the Rivus drug led to fat loss while also preserving skeletal muscle.
Allen Cunningham Peter Mitchell Shaharyar Khan Bain Capital Life Sciences Rivus Pharmaceuticals Virginia Based Rivus

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