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4D Pharma Is Latest Biotech Casualty After Creditor Calls Time

Third NASDAQ-Listed Biotech To Cease Trading In 2022

 
• By Andrew McConaghie

The UK biotech looks to have reached the end of the road, despite some encouraging signs from its microbiome-based pipeline.

NASDAQ down
4D Pharma's demise is a symptom of the deep and prolonged bear market in early stage listed biotech sector. • Source: Shutterstock

UK microbiome-based drug developer 4D Pharma has become the latest NASDAQ-listed biotech company to go into administration, after a creditor called time on its debts.

The Leeds-based company suspended trading on the AIM exchange on 24 June after specialist life science investors Oxford Finance demanded immediate repayment of its loans, which total around $13.86m, inclusive of interest and associated fees

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