Satsuma Pharmaceuticals
Date | Investors | Amount | Round |
---|---|---|---|
$12.0m | Series A | ||
$62.0m | Series B | ||
N/A | N/A | IPO | |
$80.0m | Private Placement VC | ||
* | N/A | Acquisition | |
Total Funding | $154m |
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Recent News about Satsuma Pharmaceuticals
EditSatsuma Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing innovative treatments for migraine sufferers. The company operates primarily in the healthcare and pharmaceutical sectors, targeting individuals who experience acute migraine attacks. Satsuma's flagship product, STS101, is a novel investigational drug-device combination designed for intranasal administration of dihydroergotamine mesylate (DHE). This product aims to provide a reliable and effective treatment option for migraines, especially for patients whose conditions are nonresponsive to existing therapies like triptans.
Satsuma's business model revolves around the research, development, and eventual commercialization of STS101. The company generates revenue through clinical trials, partnerships, and potential future sales of its proprietary drug. By leveraging advanced nasal drug delivery systems and engineered drug particle technologies, Satsuma aims to offer a differentiated therapeutic option that could significantly reduce healthcare costs associated with migraine-related productivity losses.
The company serves a niche market of migraine sufferers, estimated to contribute to $36 billion annually in lost productivity in the U.S. alone. With operations based in South San Francisco, CA, and Research Triangle Park, NC, Satsuma is well-positioned to advance its clinical trials and bring STS101 to market upon regulatory approval.
Keywords: migraine, intranasal, DHE, biopharmaceutical, STS101, clinical trials, drug delivery, healthcare, productivity loss, proprietary technology.