AdFarm and the Merck Animal Health have been working together since 2010, and the agency's work for three other Merck divisions made the latest agreement a natural extension, the companies say. AdFarm's Kansas City office will handle the new work for Merck's U.S. beef cattle division.
The pharmaceutical startup has struggled to raise enough capital to cover the costs of its operations and clinical trials: “Following this offering, we will need to raise additional capital to fund our operations and continue to support our planned development and commercialization activities,” an SEC filing from Cingulate reads.