Karolinska Development's portfolio company Umecrine Cognition resumes patient inclusion in its Phase 1b/2a clinical study
Umecrine Cognition is developing a new class of drugs to alleviate cognitive symptoms caused by liver disease. The company's most advanced drug candidate, golexanolone, is currently being evaluated in a randomized, double-blind, placebo-controlled phase 1b/2a clinical study in patients with primary biliary cholangitis (PBC) who experience clinically significant fatigue and cognitive symptoms.
Advertisement
Karolinska Development's ownership in Umecrine Cognition amounts to 73%.
For further information, please contact:
Viktor Drvota, CEO, Karolinska Development AB
Phone: +46 73 982 52 02, e-mail: [email protected]
Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
Phone: +46 70 207 48 26, e-mail: [email protected]
TO THE EDITORS
About Karolinska Development AB
Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patient's lives while providing an attractive return on investment to shareholders.
Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.
Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.
The company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.
For more information, please visit www.karolinskadevelopment.com.
Attachment
KD Umecrine Cognition resumes eng
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
Skanska wins contract to build Fazer's $467m chocolate factory in Finland
Skanska has secured a contract for the construction of Fazer's approximately €400m ($467m) chocolate factory in Lahti, Finland. The project aims to enhance Fazer's production capabilities with advanced technology and automation. Skanska's contract is worth €89m and will be included in its Nordic order bookings for the third quarter of 2025. The construction of the factory, located in the Pippo industrial area, is set to begin in the coming months, with operations expected to start in 2028. Fazer noted that the production of chocolates will also partially continue in Vantaa. The new facility will span approximately 33,300m² and integrate Fazer's chocolate expertise with automated production lines and technologies to produce new types of products. It will be carbon dioxide emissions-free while the efficient use of raw materials will significantly minimise production waste. Fazer Group president and CEO Christoph Vitzthum said: 'The investment of approximately €400m is the largest in Fazer's history and it is also significant from a Finnish food industry perspective. 'The new factory will support both our domestic as well as international growth and demonstrates our strong belief in the competitiveness of Finnish food production also in the international markets.' Fazer's investment is supported by Business Finland's industrial investment support programme. Fazer has completed a real-estate transaction with the City of Lahti to facilitate the construction phase, which will employ hundreds of professionals, totalling over 500,000 working hours. The investment will be financed through long-term debt, with a green finance framework allowing for the issuance of green financial instruments. Fazer's new project is expected to contribute to Finnish food exports, with the company already accounting for 15% of these exports. Recently, Skanska secured two new contracts in the US and Sweden: a rail link construction and a multisports facility development, respectively. "Skanska wins contract to build Fazer's $467m chocolate factory in Finland" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10 hours ago
- Yahoo
Skanska builds new chocolate factory for Fazer in Lahti, Finland, for EUR 89M, about SEK 980M
STOCKHOLM, July 14, 2025 /PRNewswire/ -- Skanska has signed a contract with Fazer to build their new chocolate factory in Lahti, Finland. The contract is worth EUR 89M, about SEK 980M, which will be included in the Nordic order bookings for the third quarter of 2025. The project encompasses the construction of the factory in Lahti. The scope of the project is 34,000 gross square meters. The project is aiming for a Breeam environmental certification. The construction is scheduled to commence in September 2025 and will be completed in December 2027. For further information please contact: Cristina Rinnetie-Uski, Vice President Marketing and Communications, Skanska Finland, tel +358 405 019 816 Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94 Direct line for media, tel +46 (0)10 448 88 99 This and previous releases can also be found at This information was brought to you by Cision The following files are available for download: 20250714 FI chocolate factory Image FI chocolate factory - image cred Sweco Fazer View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Stora Enso and Novapor to launch pilot for cellulose foam packaging
Stora Enso has teamed up with German company Novapor for a pilot project using Papira, a cellulose-based foam packaging material. The initiative seeks to replace traditional foams with a wood fibre-based alternative that maintains protective qualities while reducing carbon emissions. Stora Enso Biofoams business development director Juulia Kuhlman said: 'Collaborating with Novapor is a natural fit for us. 50 years of experience in developing innovative packaging, they consistently go the extra mile to solve their clients' challenges. 'This curiosity and drive have been key to the success of our pilot project. The rules and regulations on waste management are strict, but they will be even stricter come 2030. Providing the market with a foam that can be recycled in your regular paper and cardboard stream is a really important benefit.' Novapor, which focuses on water jet cutting technology, adjusted its processes to handle paper-based foam to meet client requirements. Its Danish branch, Novapor Nordic, works to deliver packaging solutions to support customers' environmental objectives. Novapor is identifying clients where Papira suits both practical and branding purposes. One pilot project is Københavns Møbelsnedkeri, which needed eco-friendly packaging for its high-end bathroom mirrors, previously cushioned with polyethylene foam. The company sought a recyclable, wood fibre-based single-material solution compatible with paper and board recycling systems. The collaboration between Stora Enso and Novapor Nordic started two years ago, with both teams refining the Papira conversion process over this time. Through consistent testing and aligned environmental goals, the partnership has developed a viable packaging solution, advancing the use of wood-based foams in the sector. Novapor Nordic head Thomas Søgaard said: 'Transitioning to wood fibre-based solutions is an important next step in packaging and monomaterial packaging made entirely of cardboard and paper, rather than plastic combinations, is highly relevant for our client.' In April this year, Stora Enso launched Performa Nova, a folding boxboard solution for consumer packaging. "Stora Enso and Novapor to launch pilot for cellulose foam packaging" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
