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Calliditas Therapeutics AB (NASDAQ: CALT, Nasdaq Stockholm: CALTX) is a clinical and commercial-stage biopharmaceutical company dedicated to identifying, developing, and commercializing novel treatments specifically targeting orphan indications with significant unmet medical needs, particularly in renal and hepatic diseases. Headquartered in Stockholm, Sweden, Calliditas is pioneering therapies aimed at addressing complex conditions with limited treatment options.
The company's lead product, TARPEYO® (also known as Nefecon outside the United States), is an innovative medication designed to reduce proteinuria in patients suffering from IgA nephropathy (IgAN), a progressive autoimmune disease affecting the kidneys. TARPEYO® has received full approval from the U.S. FDA and conditional marketing authorization in the EU, marking a significant milestone in the treatment landscape for IgAN. Recent data from the ongoing global Phase 3 NefIgArd study and its Open Label Extension (OLE) demonstrate the drug's consistent efficacy and safety profile over an extended period.
Besides TARPEYO®, Calliditas' robust pipeline includes setanaxib, a NOX enzyme inhibitor showing promise in various indications, including squamous cell carcinoma of the head and neck (SCCHN). Recent Phase 2 trial results indicated statistically significant improvements in progression-free survival and overall survival, thus reinforcing the potential of setanaxib in oncological applications.
Calliditas is also expanding its market presence through strategic global partnerships. A notable achievement is the commercial launch of Nefecon in China by its partner, Everest Medicines. This launch is a critical step in addressing the high prevalence and unmet medical needs of IgAN patients in Asia.
Financially, Calliditas continues to strengthen its position, driven by ongoing commercial efforts and strategic equity initiatives. The company remains committed to enhancing shareholder value through advancements in its pipeline, strategic collaborations, and robust operational execution.
Calliditas Therapeutics has commenced a proof-of-concept Phase 2 trial for setanaxib in patients with squamous cell carcinoma of the head and neck (SCCHN). The trial involves approximately 50 patients and aims to evaluate the efficacy of setanaxib combined with pembrolizumab. Key milestones include interim biomarker analysis by Q4 2022 and final data readout in 2023. The study's objective is to explore new treatment avenues for patients with CAF-rich tumors, potentially addressing significant unmet medical needs in oncology.
Calliditas Therapeutics AB (CALT) has launched IgAN Connect, a new online platform aimed at supporting individuals with IgA nephropathy, a serious autoimmune disease. This launch coincides with the inaugural IgAN Awareness Day. The platform offers resources for newly diagnosed patients and long-term sufferers, facilitating community connection and education. Andrew Udell, Calliditas' North America President, emphasized the platform's role in alleviating the challenges faced by patients. The platform is intended solely for educational purposes and does not provide medical advice.
Calliditas Therapeutics AB (Nasdaq: CALT) announced participation in several upcoming investor conferences, including the 8th Annual LSX World Congress in London (May 10-11, 2022) and the ABGSC Life Science Summit in Stockholm (May 18-19, 2022). Key management members will engage in panel discussions on topics like commercial strategy and IPO considerations. Notably, CEO Renée Aguiar-Lucander will present at the ABGSC Summit. Investors can schedule one-on-one meetings at the H.C. Wainwright, Jefferies, and Citi conferences.
On April 29, 2022, Calliditas Therapeutics AB announced the allotment of 830,586 common shares under its 2018 warrant program. This increase brings the total number of shares and votes to 53,172,170. The company focuses on developing treatments for orphan diseases, with products like TARPEYO approved by the FDA and ongoing trials for setanaxib targeting primary biliary cholangitis and head and neck cancer. Calliditas shares are listed on Nasdaq Stockholm under the ticker CALTX and on Nasdaq Global Select Market as CALT.
Calliditas Therapeutics AB (CALT) has published its Annual Report for 2021 on its website, enhancing transparency and providing insights into its business performance. The company is actively involved in developing treatments for orphan indications, specifically targeting renal and hepatic diseases. Their lead product, TARPEYO (budesonide), has FDA approval and is pending EMA review. Calliditas is also advancing clinical trials for its NOX inhibitor, setanaxib, in various conditions, including primary biliary cholangitis and head and neck cancer.
Calliditas Therapeutics will hold its annual general meeting on May 19, 2022, exclusively through advance voting due to pandemic-related regulations. Shareholders must vote by May 18, and the results will be announced on the same day. Key agenda items include the election of board members, approval of the remuneration report, and resolutions regarding a new share issue and incentive programs. The board proposes no dividend for 2021, with profits carried forward. The meeting will also address the establishment of an ATM Program to enhance capital raising efficiency.
On March 24, 2022, Calliditas Therapeutics announced that CEO Renée Aguiar-Lucander subscribed for 175,000 shares via the 2018/2022 warrant program, increasing her total shareholding to 593,000. All management team warrant holders participated, indicating strong commitment to company growth. They have sold a block of 488,000 warrants to a tier one investor to finance these subscriptions. If all warrants are exercised, Calliditas could receive SEK 63.6 million. The company noted ongoing product approvals and clinical developments as exciting growth prospects.
Calliditas Therapeutics (CALT) announced that its partner, Everest Medicines, intends to submit a New Drug Application (NDA) for NEFECON in China in the second half of 2022. Everest received Breakthrough Therapy Designation from China's drug evaluation authority in December 2020 and has completed the enrollment of 60 patients for the necessary data submission. This regulatory submission is expected to expedite approval for NEFECON, aimed at treating IgA nephropathy. The partnership has also expanded to include South Korea.
Calliditas Therapeutics (NASDAQ: CALT) has expanded its licensing agreement with Everest Medicines to include South Korea, enhancing their collaboration on the development of Nefecon for IgA nephropathy.
This agreement entails an upfront payment of USD 3 million to Calliditas, along with future payments and royalties contingent on potential approvals and commercialization in South Korea. The partnership initially began in 2019 for Greater China and Singapore. Calliditas has also filed for marketing authorization in Europe for its lead product, TARPEYO, the first treatment for IgAN.
Everest Medicines has entered a license agreement with Calliditas Therapeutics (NASDAQ: CALT) to develop and commercialize NEFECON for primary IgA nephropathy in South Korea. This agreement expands existing rights in Greater China and Singapore, enhancing Everest’s international footprint. The deal includes a USD 3 million upfront payment to Calliditas. NEFECON, an oral formulation of budesonide, aims to address the unmet needs of IgA nephropathy patients in Asia, with regulatory filings and NDA submissions planned with the South Korean authorities.
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