Calliditas IPO To Support Phase III Berger's Disease Study

Calliditas is aiming to raise new funding in an IPO and listing on Nasdaq Sweden to support late-stage clinical development and commercialization of its Berger's disease candidate, and studies in additional indications.  

Berger disease
IgA collects in the kidneys and causes inflammation. • Source: Shutterstock.

Completing the clinical development and introduction of a unique oral modified-release capsule formulation of budesonide, Nefecon, for an orphan indication, the inflammatory renal disease, IgA nephropathy, is the aim of a proposed initial public offering (IPO) and listing of the Swedish specialty company, Calliditas Therapeutics AB (previously known as Pharmalink AB), on Nasdaq Sweden.

The company, which is based in Stockholm, Sweden, will use the funding proceeds to support a pivotal global Phase III study, NEFIGARD, expected to start patient recruitment in the second half of 2018

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