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Nordic Nanovector In Limbo As Merger Collapses

Shareholders Reject APIM Link-Up

 
• By Kevin Grogan

The board has resigned at the crisis-hit Norwegian firm after shareholders voted against a reverse merger with APIM Therapeutics.

Two businessmen pulling a rope, closeup shot tug of war
Power struggle at Nordic Nanovector • Source: Shutterstock

It seemed that troubled Nordic Nanovector ASA had secured its future through a merger with APIM Therapeutics AS  but those hopes have been blown away after shareholders voted against a tie-up with the fellow Norwegian biotech.

The proposed merger announced last month came after a lengthy strategic review to plot a survival plan for Nordic Nanovector which had been in freefall since July. This followed the...

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