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flag Swedish biotech Spago Nanomedical raises SEK 25M via rights issue to advance its cancer drug Tumorad in trials.

flag Spago Nanomedical, a Swedish biotech firm, is launching a SEK 25 million rights issue to fund development of its cancer drug Tumorad (177 Lu-SN201), with existing shareholders able to buy new shares at SEK 0.08 each from November 7 to 21, 2025. flag Major insiders have pledged to subscribe for about SEK 15.5 million. flag The funds will support dose escalation in the ongoing Phase I/IIa trial, preparation for Phase IIa, and orphan drug designation efforts. flag Clinical data from the Tumorad-01 study show acceptable safety, strong tumor uptake, and proof-of-concept, with the independent Data Monitoring Committee recommending increasing the dose to 20 MBq/kg, as the maximum tolerated dose has not yet been reached.

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