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Somnus Therapeutics was a private specialty pharmaceutical company based in Bedminster, United States. The company's lead product, SKP-1041, was a controlled-release formulation of an established non-benzodiazepine hypnotic, licensed from SkyePharma, aimed at preventing mid-night awakenings without next-day hangovers

Specialty

Insomnia

Fund name

CTI LSF I

Position

Co-Lead

Board

Director

Investment Date

February 9, 2010

Exit Detail

Liquidated in 2015

Initial Series Round

Series A

Investment Thesis

Somnus Therapeutics' lead asset could addresses the two key issues of existing insomnia treatments, patients waking up at the middle of the night and waking up the next day drowsy

Related News

February 11, 2010

Somnus Therapeutics Closes US$15 Million Series A Financing with CTI Life Sciences and Care Capital

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