Brief: Lipidor Applies For Bankruptcy After Failed Phase III Study
26/05/2025 07:26
May 26 (Reuters) - Lipidor AB LIPI.ST: SAID ON SUNDAY RESOLVED TO FILE FOR BANKRUPTCY TO STOCKHOLM DISTRICT COURT ON SATURDAY LIPIDOR REPORTED NEGATIVE RESULT IN CLINICAL PHASE III STUDY WITH DRUG CANDIDATE AKP02G2 CONCLUDED THAT COMPANY'S FINANCING IS INSUFFICIENT TO MEET OUTSTANDING OBLIGATIONS AND TO CONTINUE OPERATIONS Source text for Workspace: nMFN4RmFgs nMFNXf68x Further company coverage: LIPI.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))