Dicot announced that an application to start clinical trial with the potency drug candidate LIB-01, has been submitted to the Swedish Medical Products Agency. Dicot is developing a new potency drug with the aim to treat erectile dysfunction and premature ejaculation better than existing drugs. The company has previously announced that the clinical phase 1 trial with LIB-01 is planned to start in August.

The company has submitted the application to the Swedish Medical Products Agency to start a phase 1 clinical trial. This study is a "first-in-human" trial, and it will be the first time that LIB-01 is tested in humans. The main objective with the trial is to evaluate the safety and tolerability of LIB-01 in humans.