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ImaRx gets Elan funding for drug delivery

This article was originally published in Clinica

Executive Summary

ImaRx, which last December put out an appeal for money to accelerate development of its ultrasound activated "smart bubble" drug delivery technology, has signed an equity and credit line deal with Elan to develop an oncology product using HydroPlex, its other technology platform. HydroPlex is a drug delivery system that wraps non-water soluble drugs with polymer strands to make them more soluble or less toxic.

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