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Modus shares halve after safety-related trial pause

Swedish biotech Modus Therapeutics has temporarily paused recruitment to its Phase IIa trial in anaemia associated with chronic kidney disease following a serious event in a patient. The company’s share price halved after the announcement.
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The decision was made after a patient treated with the drug candidate sevuparin experienced a suspected unexpected serious adverse reaction (SUSAR), which was reported to the relevant authorities.

The pause is described as a precautionary measure and follows a review with the study’s safety committee.

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