Access to this funding ensures that momentum of clinical development of Modus’ lead asset, sevuparin, will be enhanced while the company continues to explore licensing and partnership opportunities. These future development plans include preparation for a Phase 2a study evaluating sevuparin for the treatment of sepsis, expected to commence at the end of 2023. The funding will also allow Modus to continue exploring the development of new indications for sevuparin with promising potential such as chronic kidney disease.
John Öhd, CEO of
“This news follows positive top-line Phase 1b data from our lipopolysaccharide (LPS) provocation study, which will inform the design of the Phase 2a study and provides important clinical validation that may be instrumental for future partnering discussions. We look forward to providing additional updates on the strong potential for sevuparin as a treatment option for patients in an area of high unmet medical need.”
The bridge financing facility will be submitted to the annual general meeting, to be held on
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