Pressmeddelanden

Lipigon enters agreement with HitGen to develop drugs for cardiometabolic diseases

Lipigon enters agreement with HitGen to develop drugs for cardiometabolic diseases Lipigon Pharmaceuticals AB ("Lipigon"), developer of therapeutics for lipid-related diseases, today announced that the company has entered an agreement with STAR listed (Shanghai market) company HitGen Inc. ("HitGen"). The companies will conduct joint research to identify and develop drug candidates that enhance the activity of Lipoprotein Lipase (LPL), with the aim to be used in treatment of lipid disorders and cardiovascular disease.

Lipigon and HitGen will collaborate in discovery and development of small molecules targeting LPL. HitGen is a world leading biotech company in DNA encoded library-screening, a high throughput compound screening technology, where more than 100 000 times larger libraries can be used than in traditional drug discovery. The platform thus enables faster identification of innovative drug candidates with desired characteristics to target LPL effectively and safely. The companies will work jointly in discovery and early drug development. Lipigon will be responsible for clinical development and outlicensing of the commercialization rights to drug candidates, while HitGen is eligible to receive revenue sharing from Lipigon.

"HitGen is a perfect partner for us in this program, with their cutting-edge DEL platform for screening. Their technology is well established and is now widely used by leading global pharmaceutical and biotech companies", said Dr. Stefan K Nilsson, CEO and co-founder of Lipigon. "We believe that this alliance will allow us to deliver innovative medicines for millions of people at risk for cardiometabolic diseases."

"We are delighted to enter this collaboration with Lipigon. We believe the collaboration will reinforce the role and reputation of HitGen's platform in the rapidly developing field of DNA-encoded libraries (DELs) and further demonstrates the power of our DEL platform to discover novel small molecules against a variety of targets. We will work closely with Lipigon scientists to generate new small-molecule lead compounds for their research programs to help bring transformative medicines to patients," said Dr. Jin Li, Chairman of the Board and Chief Executive Officer of HitGen. 

Press Release Umeå May 14th 2020

For further information, please contact:

Stefan K Nilsson, CEO Lipigon

Mobile +46 70-578 17 68

Mail: stefan@lipigon.se

About LPL (Lipoprotein Lipase)

LPL is an established drug target with a validated and active interest from big pharma companies. There is strong clinical, epidemiological and genetic support for targeting LPL. Deficiency of LPL is associated with an increased risk of cardiovascular disease and elevated plasma lipid levels. Lipigon was founded by world leading experts with an extensive scientific history working with LPL and therefore has a great potential to successfully develop new candidates to the target.

About Lipigon Pharmaceuticals AB

Lipigon develops novel therapeutics for patients with lipid- related disorders. The company is a spin-off from Umeå University, Sweden, based on five decades of lipid research. Our primary focus is orphan lipid disorders and in addition to the ANGPTL antisense program, Lipigon's pipeline includes a program for gene therapy in lipodystrophy, together with Combigene AB (publ). www.lipigon.se.

About HitGen Inc.

HitGen is a rapidly growing biotech company with headquarters based in Chengdu, China, and a subsidiary in the USA. HitGen has established an industry-leading platform for early-stage drug discovery research, based on DNA encoded chemical libraries (DELs). HitGen is partnering with multiple pharmaceutical and biotech companies in North America, Europe and Asia to discover and develop novel therapeutics of the future.

For more information, please call +86-28-85197385 or visit www.hitgen.com.

For media inquiries: media@hitgen.com

For investor inquiries: investors@hitgen.com

For business development: bd@hitgen.com

2020-12-22

Aktieägarna i Lipigon Pharmaceuticals AB, org.nr 556810-9077 ("Bolaget"), kallas härmed till extra bolagsstämma den 11 januari 2021 klockan 16:00 i Bolagets lokaler på Tvistevägen 48C i Umeå. Inregistrering till stämman börjar klockan 15:30.

2020-12-21

Lipigon Pharmaceuticals AB ("Lipigon"), develops novel treatments for patients with lipid-related diseases. The candidate drug (CD) Lipisense is a first-in-class treatment and has shown unique efficacy in experimental disease models. The project now enters pre-clinical safety development.

2020-12-03

Aktieägarna i Lipigon Pharmaceuticals AB, org.nr 556810-9077 ("Bolaget"), kallas härmed till extra bolagsstämma den 4 januari 2021 klockan 10:00 i Bolagets lokaler på Tvistevägen 48C i Umeå. Inregistrering till stämman börjar klockan 9:30.

2020-12-02

Vid en extra bolagsstämma den 30 oktober valdes Urban Paulsson till ordinarie styrelseledamot i Lipigon Pharmaceuticals AB. Urban Paulssons affärsjuridiska kompetens innebär en förstärkning av styrelsen och är en viktig komponent för bolagets fortsatta framgångsrika utveckling.

2020-10-09

Aktieägarna i Lipigon Pharmaceuticals AB, org.nr 556810-9077 ("Bolaget"), kallas härmed till extra bolagsstämma den 30/10 2020 klockan 10:00 i bolagets lokaler på Tvistevägen 48C i Umeå. Inregistrering till stämman börjar klockan 9:45.

2020-09-22

Lipigon Pharmaceuticals AB ("Lipigon"), tillkännager att bolaget har ingått ett samarbetsavtal med två akademiska institut för att studera bolagets läkemedelskandidat för akut andnödssyndrom som t. ex. kan uppstå till följd av lunginflammation vid covid-19 eller influensa. Avtalet har ingåtts med The Academic Respiratory Initiative for Pulmonary Health (TARIPH) vid Nanyang Technological University, Singapore och Shenzhen Institutes of Advanced Technology, Chinese Academy of Sciences.

2020-08-25

Lipigon Pharmaceutical AB ("Lipigon") meddelar att läkemedelskandidat inom lipodystrofi som utvecklas i samarbete med CombiGene AB ("CombiGene") leder till ny patentansökan. Ansökan har lämnats in vid Storbritanniens patentverk och omfattar de vektorer (virus) som utvecklas inom ramen för projektet. Inlämnandet av ansökan ger en milstolpsbetalning till Lipigon i form av aktier i CombiGene till ett marknadsvärde motsvarande ca. 1,5 miljoner kronor.

2020-06-30

Lipigon Pharmaceuticals AB ("Lipigon") har framgångsrikt avslutat en
nyemission av aktier som tillför bolaget närmare 16,7 miljoner kronor. Kapitalet
ska primärt användas för att ta bolagets huvudprogram mot kliniska studier.

2020-06-30

Lipigon Pharmaceuticals has successfully closed a new share issue of nearly € 1,6 million. The capital raised will primarily be used to take the most advanced programme of the company towards clinical trials.

2020-05-14

Lipigon Pharmaceuticals AB ("Lipigon"), som utvecklar läkemedel mot
sjukdomar orsakade av rubbningar i kroppens hantering av fetter, tillkännager
idag att bolaget har ingått ett avtal med HitGen Inc. ("HitGen") som är noterat
på Shanghai-börsen. Bolagen kommer tillsammans att bedriva forskning för att
identifiera och utveckla läkemedelskandidater som påverkar enzymet LPL som
ansvarar för nedbrytning av blodfetter. Målet är att utveckla behandlingar av
hjärt-sjukdom och andra fettrelaterade sjukdomar.

2020-05-14

Lipigon enters agreement with HitGen to develop drugs for cardiometabolic diseases Lipigon Pharmaceuticals AB ("Lipigon"), developer of therapeutics for lipid-related diseases, today announced that the company has entered an agreement with STAR listed (Shanghai market) company HitGen Inc. ("HitGen"). The companies will conduct joint research to identify and develop drug candidates that enhance the activity of Lipoprotein Lipase (LPL), with the aim to be used in treatment of lipid disorders and cardiovascular disease.

2020-03-23

Lipigon Pharmaceuticals ("Lipigon") tillkännagav idag att bolaget har förvärvat en RNA-läkemedelskandidat baserad på antisens-teknologin som tagits fram med Secarna Pharmceuticals ("Secarna") inom ramen för ett tidigare forskningssamarbete. Lipgion kommer att bedriva fortsatt forskning och utveckling av de förvärvade tillgångarna som inriktar sig på ANGPTL, en genfamilj som bland annat står för reglering av blodfetter. Secarna kommer att erhålla marknadsmässiga betalningar för transaktionen. Parterna har valt att inte offentliggöra närmare detaljer om ersättningen.

2020-03-23

Lipigon acquires antisense drug candidates for cardiovascular and metabolic diseases from Secarna Lipigon Pharmaceuticals ("Lipigon") announced that the company has acquired antisense drug candidates jointly generated with Secarna Pharmaceuticals ("Secarna") under a previous research collaboration. Lipigon will continue the research and development of the acquired assets targeting the ANGPTL gene family, and Secarna will receive undisclosed payments customary for such a transaction.

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