Modus Therapeutics secures access to bridge financing from Karolinska Development

MAR

STOCKHOLM, SWEDEN - 19 November 2024: Modus Therapeutics Holding AB (“Modus”) announces that it has secured access to bridge financing of up to SEK 5.0 million from its largest shareholder, Karolinska Development. The access to this funding enables Modus to maintain momentum in its research and initiate the recently approved Phase IIa study for chronic kidney disease (CKD).

John Öhd, CEO of Modus Therapeutics, said: “We are grateful to our long-standing investor Karolinska development for this support on our way to achieving Modus’ medium-term strategic goals, including the delivery of Part 1 of the CKD study. Modus is continuously evaluating opportunities for its longer-term financing.”

Datum 2024-11-19, kl 08:40
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