This week we say ‘au revoir’ to Nantes and head back up to the Scandinavian country that is Norway, in particular it’s capital city, Oslo – the location of our biotech of the week, Nordic Nanovector.
City: Oslo, Norway
Employees: +/- 30 (as off 11/15)
Financial Data: €156M Market Cap (on 23/11/2015)
Missions: Betalutin, a potential new treatment of relapsed non-Hodgkin Lymphoma. NHL has been researched as it is a life-threatening blood cancer with a large unmet medical need. Currently, Betalutin is undergoing Phase I/II clinical trials, with first regulatory submission targeted in 2019.
Nordic Nanovector are hoping to target many other haematological cancers using this technology in the future.
Comment: Nanotechnology is on the rise. It could give a whole new set of tools to fight cancer. The really interesting point is that it uses more of a physical approach (radionuclide) than a chemical approach (binding to a receptor).