Press release: Umeå, 27 July, 2022. Lipum AB has published the interim report for period January to June 2022. Below is a short summary, a complete report (only in Swedish) is available on the company's website (https://lipum.se/finansiella-rapporter/).

CEO Einar Pontén comments: "Through long-term and systematic work, we are now almost ready to start clinical trials. We have mitigated many of the risks associated with drug development and I am therefore very positive about the future and the opportunities to create value for our shareholders".

Financial summary January – June 2022

  • Net sales: KSEK 0 (0)
  • Result after financial items: KSEK -15,167 (-17,458)
  • Cash and cash equivalents as of June 30: KSEK 18,783 (68,730)

Significant events during April to June 2022

  • GLP toxicology and safety study of SOL-116 successfully completed.
  • Research consortium including Lipum received grant from KK Foundation.
  • Presentation at EULAR 2022 which is a European congress for rheumatology.

Significant events after the period

  • Med. Dr. and physician Helena Bergström was recruited as chief medical officer (CMO).

Link to the full report (in Swedish): Interim report (https://lipum.se/wp-content/uploads/2022/07/LIPUM-delarsrapport-januari-juni-2022.pdf)

For further information, please contact: 
Einar Pontén, CEO
E-post:    einar.ponten@lipum.se
Mobil:     +46 70 578 34 95
Web:       www.lipum.se

About Lipum
Lipum AB (publ) is a 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 late preclinical stage supported by solid data for rheumatoid arthritis and the rare disease juvenile idiopathic 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, email: ca@gwkapital.se,phone: +46 8 503 000 50.