Deerfield
About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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Investment

Supporting companies across the healthcare ecosystem with flexible funding models…

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Delivering market research to the Deerfield team, its portfolio companies and other partners.

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A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure Campus

Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

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Deerfield Leads Investment of up to $50 Million in Sollis Therapeutics’ Innovative Solution for Sciatica Pain

New York, NY and Columbus, OH – April 12, 2018 – Deerfield Management and Sollis Therapeutics today announced a Deerfield‐led investment of up to $50 million in Sollis Therapeutics. The investment will support the development of an innovative non‐opioid and non‐steroid solution for pain associated with sciatica and other neuropathic pain syndromes. Sollis’ treatment is an extended release analgesic administered through a traditional epidural injection procedure.

The total equity financing of up to $50 million was led by Deerfield’s commitment of over $40 million and will fund the company through FDA approval. The funding will also support the development of other products in the Sollis pipeline.

“Deerfield’s support and partnership is a pivotal step in our development of a non‐opioid option for sciatica pain,” said Gregory Fiore, MD, CEO of Sollis Therapeutics. “This investment will allow us to bring to market a transformational treatment for sciatica, a condition with more than 5 million sufferers annually in the United States and with no FDA approved medications.”

“Sollis’ innovative treatment has the potential to provide immediate pain relief and long‐term efficacy for millions of patients suffering from sciatica and other neuropathic pain conditions. We are pleased to be partnering with the Sollis team toward the advancement of this innovative technology which will help eliminate the gateway to drug abuse and opioid addiction,” stated Andrew ElBardissi, MD, Principal of Deerfield Management.

About Sollis Therapeutics

Sollis Therapeutics is a Columbus Ohio based clinical‐stage biotechnology company focused on developing novel non‐steroid, non‐opioid analgesics. Sollis’ first product is an extended release combination analgesic and anti‐inflammatory medication purpose‐built for targeted local delivery for the treatment of sciatica and other neuropathic pain syndromes. The product will soon be entering into a pivotal clinical trial at multiple centers throughout the United States.

To learn more about Sollis, please visit www.SollisTX.com.

About Deerfield

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.
For more information, please visit www.deerfield.com.

Contacts

Sollis Therapeutics
[email protected]

Deerfield Management Company
Karen Heidelberger, 212‐692‐7140
[email protected]