Cash-strapped Nordic Nanovector plans restructuring after Betalutin flops

6 July 2022

Norwegian biopharma Nordic Nanovector (OSE: NANO) has provided a disappointing update on PARADIGME, its Phase IIb trial of Betalutin (177Lu lilotomab satetraxetan) in third-line relapsed and anti-CD20 refractory follicular lymphoma.

The company says that, following a comprehensive review and independent data evaluation of PARADIGME and a subsequent request to meet with regulators, the board of directors has taken the ‘difficult decision’ to discontinue the 109-patient study. No further patients will be enrolled and the study will be wound down.

Game over for Betalutin?

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