Transient Pharma AB attracts SEK 16 million in investments through an oversubscribed new share issue.
Lund, Sweden, 27 June 2024 - Transient Pharma AB has secured 16 million SEK in funding from SmiLe Inject Capital AB and private investors to advance the pre-clinical development of their novel drug concept.
Helene Hartman, CEO, Transient Pharma
Transient Pharma AB is focused on combating systemic inflammatory conditions through the development of novel drugs inspired by nature’s sophisticated defense mechanisms. The company’s solid scientific foundation is built on 20 years of research led by MD, PhD, Professor Artur Schmidtchen, who co-founded Transient Pharma AB along with Helene Hartman.
The drug candidate TIM-03 is an optimized peptide derived from thrombin with anti-inflammatory and anti-bacterial properties. The mode of action and it’s targets including blocking of the receptor CD14, are well defined and recently published in Nature Communications. The initial, promising in vivo results indicate its potential for clinical use and Transient Pharma AB is now ready to accelerate the pre-clinical development of a novel drug concept.
“We are grateful for the great interest, and appreciate the trust from our investors”, says Helene Hartman, CEO of Transient Pharma.
Helene Hartman and Artur Schmidtchen are also the founders of Xinnate AB, which develops pharmaceuticals using the peptide TCP-25 for the topical treatment of inflammatory skin diseases. Xinnate AB is currently preparing a phase 2 study of TCP-25 gel for the rare disease Epidermolysis Bullosa.
For more information:
Helene Hartman, CEO
helene.hartman@transientpharma.com
Phone: +46 (0)72-512 03 12
About Transient Pharma
Transient Pharma develops innovative systemic anti-inflammatory treatments, focusing initially on gastrointestinal inflammatory disorders and curbing the excessive inflammation during acute infections.Transient Pharma´s groundbreaking research, originating from Professor Artur Schmidtchen’s lab at Lund University, has led to the development of TIM-03, a proprietary peptide with promising therapeutic potential. The peptide has demonstrated multifunctional properties consisting of strong anti-inflammatory effects and antimicrobial effects both in vitro and in vivo.
About SmiLe Venture Hub – Pioneering Life Science Innovations
SmiLe is a leading venture hub that specializes in advancing life science startups from concept to commercialization. We offer comprehensive support through every stage of entrepreneurship, including tailored incubation and acceleration programs, a variety of educational courses, and access to top-tier lab facilities. To date, our flagship incubator program has supported over 100 startups, facilitating their collective acquisition of more than EUR 841 million in venture capital and contributing to 21 successful IPOs. Recognized as one of Europe’s leading startup hubs in 2024 by the Financial Times and Statista, SmiLe continues to be a catalyst for innovation in the life sciences sector. As a non-profit entity based in Lund, Sweden, SmiLe is supported by Region Skåne, Lund Municipality, Lund University, and Medicon Village. We are also backed by our sponsors Agilent, Sparbanken Skåne, Høiberg, Setterwalls, Zacco, Key2Compliance, Phase Holographic Imaging, and ChemoMetec. For more information: www.smileventurehub.com
Transient Pharma AB Joins SmiLe as New Incubator Company
Lund, Sweden – SmiLe is very pleased to announce the addition of Transient Pharma AB to our incubator program. Transient Pharma is dedicated to the development of innovative systemic anti-inflammatory treatments, focusing initially on gastrointestinal inflammatory disorders and curbing the excessive inflammation during acute infections.
Professor Artur Schmidtchen and CEO Helene Hartman
Transient Pharma´s groundbreaking research, originating from Professor Artur Schmidtchen's lab at Lund University, has led to the development of TIM-03, a proprietary peptide with promising therapeutic potential. The peptide has demonstrated multifunctional properties consisting of strong anti-inflammatory effects (published in Nature Communications) and antimicrobial effects both in vitro and in vivo.
The mode of action is well understood, indicating that TIM-03 holds significant commercial potential for treating multiple inflammatory diseases, presenting a potentially broad pipeline opportunity.
"We are delighted to welcome yet another pharmaceutical development company to our incubator program. In addition, we are happy to have CEO Helene Hartman returning with a new company, a highly motivated leader who has already proven her capability in fostering the growth of startup companies and navigating the intricate landscape of drug development," says Ulrika Ringdahl, COO of SmiLe Incubator.
The scientific article is published in Nature Communications (Petruk et al Nat Comm, 2023).
For more information, please contact:
Ulrika Ringdahl, COO at SmiLe
+46 (0)736-566232
ulrika.ringdahl@smileincubator.life
About SmiLe Venture Hub – Pioneering Life Science Innovations
SmiLe Incubator is a life science business incubator based in Medicon Village in Lund, Sweden. SmiLe offers business coaching, a broad international industry and investor network and a unique laboratory infrastructure with state-of-the art instrumentation. Since the start, SmiLe has helped 100+ entrepreneurs commercialize their business ideas. Currently there are some 30 companies in SmiLe incubator which, together with alumni companies, have attracted more than EUR 805 million in venture capital since 2014. To date, 21 of SmiLe´s companies have launched an IPO. SmiLe is a non-profit organization and receives basic funding from Region Skåne, Lund Municipality, Lund University and Medicon Village. SmiLe´s sponsors are Agilent, Sparbanken Skåne, Høiberg, Magle Chemoswed, Merck, Setterwalls, Zacco, Phase Holographic Imaging and ChemoMetec. www.smileincubator.life