Euroscreen announces name change to Ogeda and completion of Series B financing
Gosselies, Belgium: 19 October 2016 - Euroscreen today became Ogeda. The new corporate identity, as Ogeda, reflects the Company's primary focus on the discovery and development of first-in-class small molecule drug candidates targeting G-Protein Coupled Receptors (GPCRs). Ogeda also launched a new corporate website that is accessible on: www.ogeda.com
The launch of its new corporate brand follows the successful completion of the second and final tranche of the Company's EUR 18 million Series B financing, which was first announced in October 2015. The second tranche of funding was subject to the completion of clinical milestones with lead product ESN364, which is currently in three parallel Phase IIa trials for Menopausal Hot Flashes, PolyCystic Ovary Syndrome (PCOS) and Uterine Fibroids. All milestones were achieved ahead of schedule and the additional funds will be used to fully finance the ongoing clinical programs.
More info on Ogeda's website.
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