Avista commits $48.5m to OptiNose
US-based Avista Capital Partners has invested $48.5m in Norwegian medical company OptiNose.
OptiNose was founded in 2000 by Dr Per Djupesland and has developed an new nasal drug delivery technology. The investment will support Phase III trials and enable OptiNose to advance its commercialisation infrastructure.
The investment is made in conjunction with a relocation of OptiNose from Oslo, Norway to Yardley, Pennsylvania. Previous investor WFD Ventures will maintain a significant stake in the company.
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