Nordic Nanovector (Buy, TP: NOK21.00) - Interim data read-out in the making
Nordic Nanovector announced today that it has commissioned an Independent Data Evaluation of the PARADIGME trial. We believe this is a response to the slow rate of recruitment (it also announced that no new patients had been enrolled since the Q1 report). The company will, in addition, evaluate what can be done to increase the recruitment rate. Our take is that it needs to present some data from the trial to be able to refinance. The full data read-out will also most likely be delayed.Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. Co. is engaged in the development of targeted therapies for haematological cancers. Co.'s clinical-stage candidate is Betalutin®, a novel CD37-targeting Antibody Radionuclide Conjugates (ARC) designed to improve upon and complement options for the treatment of non-Hodgkin Lymphoma (NHL). NHL is an indication with substantial unmet medical need and orphan drug opportunities. Co. aims to rapidly develop Betalutin®, alone and in combination with other cancer therapies, for the treatment of major types of NHL.
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