Umecrine Cognition secures a SEK 23.8M loan for a clinical trial of a new PBC treatment.

Umecrine Cognition, a Swedish biopharmaceutical company, has secured a SEK 23.8 million convertible loan to fund its ongoing clinical trial of golexanolone for treating primary biliary cholangitis (PBC). The funding, from investors including Karolinska Development, AB Ility, and Ribbskottet AB, will cover the study’s costs and operational expenses for next year. The trial, expected to finish in the first half of 2025, has shown promising results with the drug being well-tolerated and effective in preliminary stages.

3 months ago
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