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

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.

Lifeline
• Source: Shutterstock

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.

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