Abbott spin-out to initiate new study with Danish drug
A candidate drug from the Danish company Action Pharma, which was bought by Abbott for more than 100 million US dollars, will now continue in clinical trials through a spin-out company.
by Leonora Beck
Action Pharma’s sale of a promising candidate drug to Abbott is on the list of the ten biggest biotech deals in Denmark within the last 5 years, and now the US pharmaceutical group’s million-dollar purchased will continue in clinical phases in the hope that the candidate, AP214, will eventually go all the way to approval.
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