Medivir reorganizes to focuses exclusively on oncology

11 October 2016

Swedish drugmaker Medivir (OMX: MVIR) today announced a reorganization of the company and a significant cost reduction in both early research and administrative functions.

The board has decided that the company onwards will have an exclusive focus on oncology, utilizing both of Medivir´s technology platforms and competences in protease inhibition and nucleotide-/nucleoside science. Partnering discussions for all remaining infectious disease assets in the R&D pipeline will be initiated by year-end, as well as for MIV-711 once the Phase IIa program has been completed.

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