Drug Research
Drug Discovery & Development

Modus Therapeutics raises £2.9m to support further development of sevuparin for SCD

Published 21 February 2017

Modus Therapeutics has raised SEK32m (£2.9m) from existing investors KDev Investments, Östersjöstiftelsen and Praktikerinvest to support a phase two study of a sickle cell disease (SCD) drug.

Modus Therapeutics is currently recruiting patients in Europe, the Middle East and Caribbean in an ongoing Phase II clinical study with sevuparin for SCD.

In the second half of 2016, the size of the study was increased to a total of 120 evaluable VOC resolutions.

In addition, after a planned safety review in November, the study was allowed to enroll adolescents between the age of 12 and 18. Top-line data from this Phase II study is expected in H1 2018.

Modus Therapeutics CEO Christina Herder said: “SCD is a painful, inherited blood disorder affecting millions of people around the globe. With this continuing support from our long-term investors, Modus has secured the financial resources needed to complete the ongoing Phase II study."

Source: Company Press Release