Lipum

CEO Ola Sandborgh comments: “I can with pride look back to a fantastic start of a new year. We continue according to plan and will in 2024, be able to complete and report on all three parts of the phase 1 study. At the same time, we will initiate the preparations of an exciting and potentially value increasing phase 2 program.”

Financial summary January – March 2024

• Net sales: KSEK 0 (0)
• Result after financial items: KSEK -9 313 (-7 173)
• Cash and cash equivalents as of March 31: KSEK 1 473 (26 765)

Significant events during the period January – March 2024

• Lipum reports positive interim results from clinical phase 1 study showing that SOL-116 reduces plasma BSSL levels in healthy subjects.
• Lipum carries out a rights issue.
• Lipum reports first patient included in the ongoing phase 1 clinical study.
• Lipum enters an agreement with NorthX Biologics for manufacturing of SOL‑116 intended for use in phase 2 clinical studies.

Significant events after the period

• Lipum strengthens its protection of SOL-116 through a patent application for inflammation-driven cancer.
• Lipum has been granted MSEK 2.8 funding from Swelife.
• Lipum announces final outcome of the rights issue thus raises proceeds of MSEK 79.7 and receives a loan commitment of MSEK 20.

CEO Ola Sandborgh comments on the report in a live webcast on May 28 at 09:00 link.

The complete report (only in Swedish) is available at ww.lipum.se.