Nordic Nanovector to merge with APIM Therapeutics.

Nordic Nanovector, a therapeutics provider, agreed to merge with APIM Therapeutics, a biotechnology company. Financial terms were not disclosed. "Merging with Nordic Nanovector is a significant milestone in our ambition to become a major player in transforming the treatment of cancer. We have already made significant progress with ATX-101, our lead oncology drug candidate, and we are looking forward to announcing results from the two ongoing clinical studies. The potential of ATX-101 is very significant given its unique mechanism of action. We have generated exciting non-clinical and clinical data supporting its current clinical development in indications with high unmet need, as well as its overall potential to treat a plethora of additional cancer indications. This merger will not only allow us to get access to public equity markets to support our growing ambitions but also to create a strong pipeline and combine the expertise of the two companies in oncology," Erlend Skagseth, APIM Therapeutics Chairman.