Modus's Intended IPO to Spur Sickle Cell Drug R&D

The first IPO for a pharmaceutical company nurtured by Karolinska Development is expected to involve Modus Therapeutics, which has changed its name from Dilaforette and is pursuing the development of a Phase II potential sickle cell therapy.

Sickle cell anemia, 3D illustration showing blood vessel with normal and deformated crescent-like red blood cells
• Source: Shutterstock, Kateryna Kon

With more advanced potential sickle cell therapies stumbling in the development process, the Stockholm, Sweden-based biotech Modus Therapeutics Holding AB has picked up the baton, saying it intends to raise extra financing through an initial public offering to support the further development of its Phase II potential sickle cell product, sevuparin.

Modus Therapeutics is the new name for Dilaforette Holding AB. Further details of the intended IPO are being worked out,...

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