Dov Pharmaceutical Inc. has
been slowing dying for a long time, but its neglected assets are now back in
play in newco Euthymics Bioscience Inc., which VCs financed with $24
million in a tranched series A round last week.
At the same time, Euthymics
completed its merger into Dov, which was announced in February, but taking it
private instead of keeping the public listing.