‘Follow The Money’: Sweden’s Calliditas Plans US Listing

CEO Says NASDAQ Float Will Position Biotech Better Before Pivotal Readout

Sweden’s Calliditas plans a US IPO to better position itself ahead of this year’s pivotal readout of its orphan drug Nefecon in inflammatory renal disease IgA nephropathy.

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Calliditas lead asset Nefecon is targeting IgA nephropathy (Berger's disease) • Source: Shutterstock

Calliditas Therapeutics AB aims to have a US NASDAQ listing in time for a scheduled Phase III readout assessing its lead asset as a first-in-class treatment for inflammatory renal disease IgA nephropathy (IgAN), an orphan chronic autoimmune disease, the Swedish specialty pharma’s CEO told Scrip.

Renee Aguiar Lucander also said Calliditas expected to file for accelerated or conditional approval in the US and Europe later this year based on the ongoing Phase III efficacy study evaluating Nefecon (targeted-release

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