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Idogen Running Out Of Survival Options

Swedish Firm Seeking Reverse Merger Solution

 
• By Kevin Grogan

With very little cash left in the bank, Idogen is weighing up its options including a reverse merger or liquidation.

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Idogen faces closure if reverse merger efforts fail • Source: Shutterstock

The future of Idogen AB hangs in the balance with the Swedish firm's critical financial situation leaving its lead clinical-stage development program IDO 8 for hemophilia in limbo.

Idogen's announcement on 28 April that its "work with capitalization has not yet produced the desired result" is quite an...

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