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Saniona Seeks Partners To Secure Survival

Tough Year For Danish Biotech

 
• By Kevin Grogan

CEO Thomas Feldthus's new broom is sweeping clean at Saniona with the closure of its US operations and an aim of exploiting the significant interest being shown across its pipeline programs.

severing ties and boycott concept
Saniona on a cost-cutting drive • Source: Archive

It has been a turbulent year for Saniona AB, with a major restructuring and the halting of clinical studies of lead candidate Tesomet due to financial issues, but the Danish biotech is confident of turning things around with the help of new development partners.

At the end of the first quarter, Saniona announced a "strategic program reprioritization" that was intended to cut costs, and...

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