Nordic Nanovector ASA (OTCPK:NRNVF)

$ 1.6383 0 (0%) Market Cap: 299.77 Mil Enterprise Value: 247.56 Mil PE Ratio: 0 PB Ratio: 2.40 GF Score: 25/100

Q4 2022 Nordic Nanovector ASA Earnings Call Transcript

Feb 28, 2023 / 07:30AM GMT

Transcript

Ludvik Sandnes

Nordic Nanovector ASA - Interim CEO & CFO

Good morning, everyone, and thank you for joining this 2022 presentation. I'm Ludvik Sandnes, and I will, on behalf of the former Board of Directors and the CEO explain what happened last year. They had a very active year with 27 Board meetings. And my presentation will be recorded, so I therefore take questions at the end. And I hope the details given in this presentation will answer most of the questions you might have.

As an update, last year became an annus horribilis for Nordic Nanovector. Betalutin/PARADIGME had to be discontinued, as you know, due to continued severe difficulties in the enrolling of patients, the impact of COVID-19 as for many other studies, disappointing regulatory feasibility, evaluation and poor efficacy data; below threshold values set for the study and noncompetitive profile in the crowded market going forward. Independent review concluded that the efficacy data would not give Betalutin a competitive profile in third-line follicular lymphoma. The company restructure was initiated in the second half and

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