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Calliditas Therapeutics Ab - CALT STOCK NEWS

Welcome to our dedicated page for Calliditas Therapeutics Ab news (Ticker: CALT), a resource for investors and traders seeking the latest updates and insights on Calliditas Therapeutics Ab stock.

About Calliditas Therapeutics AB

Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) is a clinical-stage biopharmaceutical company headquartered in Stockholm, Sweden. The company specializes in identifying, developing, and commercializing innovative therapies for orphan diseases, with a primary focus on renal and hepatic conditions that present significant unmet medical needs. By combining scientific expertise with a patient-centric approach, Calliditas aims to address complex and underserved medical conditions, improving the quality of life for affected individuals worldwide.

Core Business Areas

Calliditas Therapeutics operates at the intersection of biotechnology and pharmaceuticals, leveraging cutting-edge research to develop targeted treatments. Its flagship products include:

  • TARPEYO® (budesonide delayed-release capsules): Approved in the United States for the treatment of primary immunoglobulin A nephropathy (IgAN), TARPEYO is the first and only FDA-approved therapy designed to reduce kidney function decline by targeting the production of galactose-deficient IgA1 antibodies.
  • Kinpeygo®: The first fully approved treatment for IgAN in the European Union, Kinpeygo addresses a broader patient population following its expanded label approval by the European Commission in 2024.
  • Setanaxib: A first-in-class NOX enzyme inhibitor, currently being evaluated in multiple clinical trials for indications such as cancer, idiopathic pulmonary fibrosis (IPF), primary biliary cholangitis (PBC), and Alport syndrome.

Strategic Partnerships and Global Reach

Calliditas employs a strategic partnership model to enhance its global footprint. Collaborations with organizations such as Everest Medicines in China and STADA Arzneimittel AG in Europe enable the company to commercialize its therapies in key international markets. These partnerships not only expand accessibility but also optimize resource allocation for clinical development and regulatory compliance.

Commitment to Innovation

The company is deeply committed to advancing scientific understanding and therapeutic options for rare diseases. Its robust pipeline includes late-stage clinical trials for setanaxib in oncology and fibrotic diseases, as well as exploratory studies in other orphan conditions. Calliditas' focus on intellectual property protection, evidenced by its recently granted patents for setanaxib in oncology, underscores its dedication to long-term innovation.

Market Position and Competitive Landscape

Operating in the highly specialized biopharmaceutical sector, Calliditas Therapeutics distinguishes itself through its focus on orphan indications. Its ability to secure regulatory approvals, such as FDA and EMA authorizations, positions it as a leader in the rare disease treatment market. The company's emphasis on targeted therapies and disease-modifying treatments provides a competitive edge against broader-spectrum pharmaceutical approaches.

Regulatory and Ethical Standards

Calliditas adheres to stringent regulatory guidelines across its global operations. Its clinical trials are designed to meet the highest ethical standards, ensuring patient safety and data integrity. The company's transparent communication with stakeholders further reinforces its reputation as a trustworthy and reliable entity in the biopharmaceutical industry.

Future Outlook

With a strong pipeline, strategic partnerships, and a focus on addressing unmet medical needs, Calliditas Therapeutics is well-positioned for sustained growth. Its continued investment in research and development, coupled with its commitment to patient-centric solutions, underscores its potential to remain a key player in the rare disease treatment landscape.

Rhea-AI Summary
Calliditas Therapeutics has filed for full approval of TARPEYO, with net sales of SEK 269.4 million in Q2 2023. The operating loss amounted to SEK 75.2 million. The company expects net sales from TARPEYO to be USD 100-120 million for 2023.
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Calliditas Therapeutics announces publication of Phase 3 NefIgArd Study data in The Lancet, demonstrating the kidney protective effect of Nefecon in adults with Primary IgA nephropathy. The study showed a significant and clinically relevant benefit in estimated glomerular filtration rate (eGFR) compared to placebo over a two-year period. Nefecon also demonstrated a durable reduction in proteinuria. The drug was well tolerated with minimal adverse events. Nefecon is currently approved under accelerated approval and the company is seeking full approval based on the study data.
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Calliditas Therapeutics announces encouraging interim data from Phase 2 trial for squamous cell carcinoma of the head and neck
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Calliditas Therapeutics has submitted a supplemental New Drug Application to the FDA seeking full approval of TARPEYO® (budesonide) delayed release capsules for the entire study population from the Phase 3 NeflgArd study. The submission is based on the full data set from the Phase 3 NefIgArd clinical trial, which showed a highly statistically significant benefit of TARPEYO over placebo in estimated glomerular filtration rate (eGFR). Calliditas is also seeking full approval of Nefecon (branded as Kinpeygo®) in Europe.
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Everest Medicines partner, Calliditas Therapeutics, presented data from the NeflgArd Phase 3 Study at a medical congress. The study showed that Nefecon, a treatment for IgA nephropathy, demonstrated significant benefits over placebo, including a 50% reduction in kidney function loss. The treatment also showed sustained effects on reducing proteinuria and microhematuria. Chinese subpopulation results are expected in Q3 2023.
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On April 26, 2023, Calliditas Therapeutics announced the availability of its 2022 Annual Report on the company's website. The report provides insights into the company's performance, including developments in their lead product, Nefecon, which received FDA accelerated approval as TARPEYO® and conditional marketing authorization in the EU as Kinpeygo®. Additionally, Calliditas is advancing clinical trials for its NOX inhibitor product candidate, setanaxib, targeting primary biliary cholangitis and head & neck cancer. Contact for investor relations is Åsa Hillsten, available via phone or email. The company cautioned that the report contains forward-looking statements that are subject to risks and uncertainties regarding future performance.

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FAQ

What is the current stock price of Calliditas Therapeutics Ab (CALT)?

The current stock price of Calliditas Therapeutics Ab (CALT) is $40.0001 as of February 5, 2025.

What is the market cap of Calliditas Therapeutics Ab (CALT)?

The market cap of Calliditas Therapeutics Ab (CALT) is approximately 1.1B.

What does Calliditas Therapeutics specialize in?

Calliditas Therapeutics focuses on developing and commercializing treatments for rare renal and hepatic diseases with unmet medical needs.

What are Calliditas' flagship products?

Calliditas' key products include TARPEYO for IgA nephropathy in the U.S., Kinpeygo in the EU, and setanaxib for oncology and fibrotic diseases.

How does Calliditas generate revenue?

The company generates revenue through direct commercialization, licensing agreements, and milestone payments from global partnerships.

What is the significance of setanaxib?

Setanaxib is a first-in-class NOX enzyme inhibitor being studied for various indications, including cancer, IPF, and PBC, showcasing its broad therapeutic potential.

Who are Calliditas' key partners?

Key partners include Everest Medicines in China and STADA Arzneimittel AG in Europe, facilitating global commercialization of its therapies.

What regulatory approvals has Calliditas achieved?

Calliditas has secured FDA approval for TARPEYO and EMA approval for Kinpeygo, marking significant milestones in rare disease treatment.

What challenges does Calliditas face?

Challenges include competition in the biopharma sector, regulatory hurdles, and the need for continuous innovation to maintain market leadership.

What is the company's approach to innovation?

Calliditas invests in cutting-edge research and intellectual property protection, focusing on disease-modifying therapies for orphan indications.

What is Calliditas' market strategy?

The company employs a partnership model to expand its global reach while focusing on niche markets with high unmet medical needs.

How does Calliditas ensure ethical standards?

The company adheres to stringent regulatory guidelines and ethical standards in its clinical trials, ensuring patient safety and data integrity.
Calliditas Therapeutics Ab

Nasdaq:CALT

CALT Rankings

CALT Stock Data

1.09B
27.02M
3.81%
0.32%
0.01%
Biotechnology
Healthcare
Link
Sweden
Stockholm