How Nordic Nanovector Stepped Back From The Abyss With APIM Merger

Picked Fellow Norwegian Firm After Multiple Talks

Five months after its lead drug Betalutin failed for follicular lymphoma, Nordic Nanovector has secured its future by teaming up with Trondheim-based APIM and gained access to its mid-stage investigational therapy for ovarian cancer, sarcoma and glioblastoma.

Lifeline
Nordic Nanovector thrown a lifeline • Source: Shutterstock

Having weighed up 25 possible M&A opportunities, troubled Nordic Nanovector ASA has been explaining why it decided to plump for a merger with fellow Norway-headquartered biotech APIM Therapeutics AS .

Nordic Nanovector's woes began in July with the discontinuation of the Phase IIb PARADIGME trial in July that was evaluating the anti-CD37 radioimmunoconjugate candidate Betalutin (177Lu lilotomab satetraxetan) in patients...

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