In the middle of 2023, Richard Batycky told a couple of his fellow executives at Nocion Therapeutics to consider looking for roles elsewhere. He wasn’t sure the biotech would weather a difficult funding landscape.
Then, as the CEO was preparing for a vacation, a term sheet from an investor came through. Signs of a brighter day were ahead and Batycky would spend the next several months pulling together a $62 million Series B to fund Nocion’s inhaled chronic cough candidate NTX-1175, which will now be known under the name taplucanium, he told Endpoints News in an exclusive interview.
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