Norway's SantoSolve Raises $5.5M for Amputee Pain Relief
alarmClock Nov 24 09Oslo based SantoSolve AS received a boost with a new $5.5M, injected by Scandinavian VCs Teknoinvest, InnovationsKapital and Investinor. The Norwegian pharmaceutical/biotech company focuses on targeted pain therapeutics using a novel class of active ingredients. The topical analgesic products that it develops are based on non-radioactive strontium as the active substance. Company flagship product 2PX is used for topical administration (applied directly on skin), combining the active ingredient with selected dermal penetration enhancers. Local administration of the product focuses delivery of the active product to subdermal sites of pain and inflammation. Full story...
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