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Synact changes strategy in phase 1 with its arthritis hope

Danish biotech company Synact Pharma did not get the results the company expected with its main asset AP1189 in a phase 1 study. The company is now trying again with a different delivery method, which will delay the drug's development up to a year.

Synact Pharma's CFO Henrik Stage (left), CEO Jeppe Øvlesen (mid) and CSO Thomas Jonassen (right) | Foto: Synact Pharma

Tuesday, Danish Synact Pharma, which is listed in Sweden, had to disappoint its investors with an announcement that the company's arthritis hope AP1189 has run into problems in a phase 1 study and that development will be delayed up to a year.

Synact Pharma's share fell approximately 50 percent on the stock exchange Tuesday, however, it is still higher than it was a year ago.

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