Lipum AB (publ) has published the interim report Q1 for the period January-March 2024. Below is a summary, a complete report (only in Swedish) is available on the company's website.

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.

Contacts
Ola Sandborgh, CEO
ola.sandborgh@lipum.se
+46 72 218 80 21
Web: www.lipum.se

About Us
Lipum AB (publ) is a clinical stage biopharmaceutical company specialized in discovery and development of a novel treatment for chronic inflammatory diseases. The lead candidate SOL-116 is a humanized antibody designed to provide efficacious therapy by blocking a previously overlooked target molecule of the immune system (BSSL). SOL-116 is in clinical stage supported by solid data for rheumatoid arthritis. Lipum also explores other inflammatory diseases with a high unmet medical need. The company is based in Umeå, an excellent life science cluster in Sweden. Lipum’s unique approach has attracted international attention, including a major European Commission Horizon 2020 grant. The company's share (LIPUM) is traded on the Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Attachments
Lipum AB Kvartalsrapport Januari Mars 2024

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