Sweden's InDex To Stay Afloat Thanks To Mystery Merger Partner

26 Apr 2024

The writing was on the wall for InDex after cobitolimod flopped for ulcerative colitis but that should soon been scrubbed off now a reverse-merger candidate has been identified to save the Stockholm-based biotech from liquidation.

InDex Pharmaceuticals Holding AB's chances of survival looked slim after the late-stage failure of lead asset cobitolimod for ulcerative colitis but it seems as though the Swedish biotech will find salvation with a potential reverse merger.

The firm, which trades on the NASDAQ First North Growth Market Stockholm, saw its shares sink last November after an...

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