Ziccum AB: senior Astra Zeneca vaccine & biopharmaceutical strategist to be new Board member

Few people know the special risks and rewards of working with vaccines and biopharmaceuticals better than Astra Zeneca’s VP Mikaela Bruhammar. From 2012-2015 she led the team that launched and grew Astra Zeneca’s unique inhalable LAIV flu vaccine in Europe and US. Now she will bring her biologics/ vaccine expertise and broad pharma commercial experience to the Board of Ziccum AB. She will be proposed as new Board Member at the company’s Annual General Meeting on May 20.

“The rewards can be great, but the risks can too. Vaccines aren’t like other pharmaceuticals. For some companies they can be scary”. She should know. From 2012 to 2015 Astra Zeneca’s current Vice President of Nordic-Baltic Business Unit in Respiratory, Inflammation and Autoimmune disease (RIA), was the Global Head of Astra Zeneca’s Vaccine Franchise—successfully developing and commercializing Fluenz (Europe) / FluMist (the US), its inhalable Flu vaccine for children.

“The business model for vaccines is significantly different to other pharmaceuticals. Vaccines are heavily policy-driven. They demand a long-term commitment from developers and government—you can’t change or adjust your vaccine programs every other year. The extensive collaboration needed between commercial forces, the WHO and governments is unique. It requires a level of commitment that ‘new-to-vaccines’ pharma companies can find scary. You have to ask yourself ‘can you commit to continue supplying this vaccine for the next 50 years?’”

Bruhammar and her team faced all these challenges, and more serious ones, when commercializing Fluenz. Yet they launched successfully in just three years, an exceptionally short period. How did they ‘achieve the impossible’? And what can it teach Ziccum?

VACCINES: MAKING THE IMPOSSIBLE POSSIBLE

“It’s true we had a really challenging product”, says Bruhammar. “It was a live vaccine, a weakened version of the flu virus itself. Once thawed from its frozen form it only had a shelf life of 16 weeks. So you can imagine the logistics. On paper it was an impossible product to sell. But the thing is it was highly efficacious, highly potent, and it was a needle-free, nasal spray vaccine aimed at kids – who don’t like injections. Plus children are highly infectious carriers of flu in the general population. So if you can successfully immunize your paediatric population you get a powerful knock-on effect on your overall population, in fact you only need to inoculate 30% of children in order to have a population-wide impact. So that was the package of benefits. There was a triple win. For us, the developer; for NGOs and governments; and crucially, for patients. Everyone got a clear win out of it. And because of that, all of a sudden stakeholders were willing to be flexible to get over the 16-week shelf life, for instance the EU regulatory agency agreed to an annual tailor-made approval process for this specific vaccine, a key enabler for the EU launch. And in the UK the NHS trained special vaccinators to administer Fluenz to millions of school-children during 1-2 months every fall.”

WHAT DOES IT TEACH ZICCUM?

 “I see a lot of the same excitement and potential with Ziccum right now as I saw with the Fluenz project back then,” says Bruhammar. “It’s super-exciting to be joining at such an interesting phase. As Fluenz shows, you have to paint the big opportunity in such a way that people get it immediately. I see that connection with Ziccum. You can tell Ziccum’s dry vaccines and biologics story in two sentences and people get it. There’s a momentum that has already built up around Ziccum, and a big picture. Now I want to see that momentum accelerate. And as I said, the triple win—showing clearly how the technology solves key problem for pharma developers, NGOs and governments—and patients, is crucial.

“For example, dry powder formulation solves the cold chain challenge, but how would it be for patients and clinics? For conditions that require multiple administrations many clinics want the patient to self-administer. They don’t want large patient traffic or a logistics chain in-clinic. So a nurse having to reconstitute and rehydrate large batches of dry vaccines back into liquid solution might not be a win for them. But if an autoinjector reconstituted the dry powder back into solution for the patient, in the pen or device, with sterile water behind a seal that remixed the solution with a couple of shakes—then you’re back in the game. And as Fluenz shows, if the solution is a win for everybody people will solve challenges. For large investors, being able to make major cold chain savings could make it well worth solving other challenges. Whilst for big-volume vaccinations like standard flu shots or MMR vaccine (measles, mumps and rubella that most children get at 1 and 3 years), if the clinic knows it has to administer 20 shots in the afternoon, and needs to reconstitute a batch in the morning, that’s still a saving that lets them administer more shots, because the price of the shots is lower, thanks to cold chain costs having been cut drastically. So dry formulation would obviously be a big benefit there. But it’s all about the real clinical setting and what Ziccum’s dry formulation capabilities actually look like in the end reality.  

2000 POTENTIAL PROJECTS

“There are 2000 potential projects Ziccum technology could add value to. Applying Ziccum technology into the context of the real patient journey, making it real for patients and producers, is key to deciding which to prioritize and tackle first. It’s not until we see how the technology fits into the patient’s life and journey that we find the real value drivers and value points.

“A great partnership or collaboration scenario is where everybody wins. So it comes down to priorities. What is the scale we dare to grow to? Do we dare to dream big? The Fluenz case shows that even seemingly ‘impossible’ challenges can be overcome when you can demonstrate clearly how everyone wins. I drove forward commitment to vaccines within a company that was not really focussed on vaccines. It was a pivotal experience for me and gave me really great lessons in how to focus an organisation on vaccines and what to prepare for when moving towards developing vaccines.

“Plus, if we expand the definition of vaccines a little to include let’s say peptides genes or biologics which could be an on- or off- switch for an autoimmune disease say, then the opportunities are even bigger. There are some really promising auto switches for airway inflammation. What if you could switch-off asthma early on or stop COPD progression? For asthma and COPD – which are horrific diseases – these could stop that process, so people would not need to suffocate to death.

“I’m super-passionate about driving business and delivering results. I never hesitate to try, fail and try again. I believe dry formulations have a big part to play in vaccines and biologics, and I think that in inhaled biologics for sure there is a very visible lead or opportunity for the technology. With vaccines—there is currently human commitment from many of the most influential and progressive organizations on the planet. These groups and organisations have their eyes clearly on this, so maybe with their backing we can afford to think and dream bigger. I’m looking forward hugely to this journey.”

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB

E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

Ziccum Q1 Report 2019 released

(Stockholm May 9, 2019)  Ziccum AB today releases its Q1 Report for 2019. The Report is now available on the company’s website.

Summary of interim report – first quarter 2019: Successful development of a dry, temperature-stable formulation of Adenovirus resulted in a filed patent application and a significant milestone for Ziccum. Dialogue with potential Customers and partners continue with increased intensity, and an application has been submitted to Horizon 2020 step 2.

January – March 2019

Net sales SEK 0,0 (190)

Operating profit SEK -1,689 thousand (-137)

Earnings per share before and after dilution SEK -0.28 (-0.05)

Significant events during First Quarter 2019

  • Ziccum reported on January 10, 2019 that the company had filed the patent application for Adenovirus with dry and temperature-stable formulation that meets WHO"s CTC status requirements. The dry formulation ("powder") generated by Ziccum"s technology in LaminarPace© is rapidly dissolved when adding sterile water after which vaccination or treatment can be performed.
  • During the first quarter of 2019, we submitted our Phase 2 application for Horizon 2020

For further information please visit www.ziccum.com

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB

E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

The information above was provided by Ziccum AB (publ) through the above contact person, for publication on May 9, 2019.

Notice of Annual General Meeting

The shareholders of Ziccum AB (publ) are hereby invited to attend the Annual General Meeting on May 20, 2019 at 14.00 at Hälsovägen 7 in Flemingsberg. Voting rights registration starts at. 13.30, and is cancelled when the meeting opens.

NOTE: This is an unofficial translation of the original notice, which is in Swedish. In case of discrepancies, the Swedish version shall prevail.

Right to participate

The right to participate in the Annual General Meeting has been the one that has been recorded as a shareholder in the share register kept by Euroclear Sweden AB regarding the circumstances on May 14, 2019, and not later than May 14, 2019 2019, to the company, announce its intention to participate in the Annual General Meeting. Application can be made in writing under the address Ziccum AB (publ) c / o Fredersen Advokatbyrå, Turning Torso, 211 15 Malmö or via e-mail to ziccum@fredersen.se. When registering, the name, address, personal or corporate identity number, telephone daytime, and, if applicable, number of assistants (maximum two) must be stated. After registered registration, the notifier will receive a confirmation. If no confirmation is received, the notification has not been done correctly.

Shareholders whose shares are nominee registered, i.e. kept in a custody account, must temporarily register the shares in their own name in the share register kept by Euroclear Sweden AB in order to be able to participate in the meeting. Such registration must be completed no later than May 14, 2019 and should be requested well in advance of that day with the person managing the shares.

Proxy

If shareholders intend to be represented by a proxy, a proxy must be issued for the representative. The authorization must be in writing, signed by the shareholder and dated. If the shareholder is a legal person, a copy of the registration certificate or, if such document does not exist, the corresponding authorization document is attached to the notification. The document must prove the right of the person who signed the authorization to appoint a representative for the legal person. In order to facilitate registration at the AGM, the power of attorney in the original and registration certificate and other authorization documents should be made available to the company at the above address no later than May 14, 2019. If a power of attorney and other authorization documents have not been submitted in advance, the power of attorney in the original and other authorization documents may be presented at the meeting. Proxy forms are available at the company and on the company"s website, www.ziccum.com, and are sent on request to shareholders who state their postal address.

Proposed agenda

1. Opening

2. Election of Chairman of the Meeting

3. Preparation and approval of voting list

4. Election of one or two adjusters to sign the minutes

5. Testing of whether the meeting has been duly convened

6. Approval of the agenda

7. Statement by the CEO

8. Presentation of annual report and audit report

9. Decide on

a) Establishment of income statement and balance sheet

b) Disposition of the Company"s profit or loss according to the established balance sheet

c) Discharge from liability for the board members and the CEO

10. Determination of the number of Board members elected by the AGM and the number of auditors and deputy members

11. Determination of fees for the Board and the auditors

12. Election of Board members, auditors and any deputy auditors

13. Election of Chairman of the Board

14. Resolution to authorize the Board to issue shares, warrants or convertibles

15. Decision to amend the Articles of Association

16. Termination

Motions

Dividend (item 9b)

The Board of Directors proposes that no dividend be paid for the financial year 2018.

Election of chairman of the meeting, board of directors, chairman of the board and auditor and determination of fees (paragraphs 2, 10-13)

Suggested proposals

  • that Fredrik Sjövall is elected chairman of the meeting,
  • that the board shall consist of five members,
  • that an auditor without deputy auditor should be appointed,
  • that board fees shall be SEK 150,000 to the chairman of the board and SEK 75,000 each to the other board members,
  • that audit fees are paid according to approved invoice,
  • the re-election of the board members Ola Chamber, Kristian Kierkegaard, Mattias Münnich and Fredrik Sjövall, and that Mikaela Bruhammar is elected as a new board member,
  • that Fredrik Sjövall is re-elected Chairman of the Board, as well as
  • that Ernst & Young is elected new auditor; Ernst & Young has announced that Authorized Public Accountant Stefan Svensson is intended to be the chief auditor if the meeting appoints Ernst & Young as auditor of the company.

Mikaela Bruhammar, born 1976. For the past 10 years, Mikaela has worked for Astra Zeneca and has many years of experience working with both vaccines and biological drugs, among other things she had a leading role in the commercialization of Astra Zeneca"s influenza vaccine Flumist. Mikaela holds a Master"s degree in molecular biology from Linköping University. Mikaela is independent in relation to the company and to the company"s major shareholders. Mikaela has no shares in Ziccum.

Authorization for the Board to issue shares, convertibles or warrants (item 14)

The Board of Directors proposes that the Annual General Meeting authorizes the Board, on one or more occasions before the next Annual General Meeting, The Board of Directors proposes that the Annual General Meeting authorizes the Board, on one or more occasions before the next Annual General Meeting, with or without deviation from the shareholders" preferential rights, to decide on a new issue of shares or issue of convertibles or warrants. Issues shall be made against cash payment, non-payment or set-off or in other cases on terms referred to in Chapter 2. Section 5, second paragraph, 1-3 and 5 the Swedish Companies Act. The number of shares that may be issued, or, upon the issue of convertibles or warrants, additional after conversion or exercise, with the support of the authorization shall be limited to ten (10) percent of the number of shares outstanding at the time of this meeting. If the Board decides on an issue without preferential rights for the shareholders, the reason should be to be able to broaden the ownership circle, acquire or enable acquisition of working capital, increase liquidity in the share, carry out company acquisitions or acquire or enable acquisition of capital for company acquisitions. When deciding on issues without preferential rights for the shareholders, the subscription price must be market-based at the time of the issue decision.

Decisions pursuant to this paragraph presuppose for their validity that they are assisted by shareholders with at least two-thirds of both the votes cast and the shares represented at the meeting.

Decision to amend the Articles of Association (item 15)

The Board of Directors proposes that the Annual General Meeting resolves to amend the Company"s Articles of Association as follows:

Current wording

§ 2

The Board of Directors shall have its registered office in the municipality of Huddinge.

Proposed wording

§ 2

The Board of Directors shall have its registered office in Lund Municipality.

Decisions pursuant to this paragraph presuppose, for their validity, that they are assisted by shareholders with at least two-thirds of both the votes cast and the shares represented at the general meeting.

Other information

The annual report, the auditor"s report and the complete basis for decision-making will otherwise be available at the company and on the company"s website at least as long before the meeting as follows by law. The documents are sent on request to shareholders who state their postal address. The Board of Directors and the CEO, if any shareholder requests it and the Board considers that this can be done without material damage to the company, provide information at the Annual General Meeting on circumstances that may affect the assessment of a case on the agenda and circumstances that may affect the assessment of the company financial situation.

Processing of personal data

For information on how your personal information is processed see

www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf.

Huddinge in April 2019

Ziccum AB (publ)

Board of Directors

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB

E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones. This press release was submitted for publication by the CEO at 08.00 (CET) on 14 November, 2018.

ZICCUM AB (publ) Q4 and Year-End Report 2018

Ziccum CEO Göran Conradson: “We have a competitive offer in a huge, extremely interesting market, a market where we can deliver significant benefits to patients, and create value for our shareholders.” 

Year-end report in brief

  • The subscription period for Ziccum’s issue of units ended on October 3, 2018, in advance of listing on Spotlight. The share issue amounted to approximately SEK 15.8m and was subscribed at approximately SEK 52.7m which corresponds to a degree of subscription of approximately 334%
  • Ziccum’s shares were listed on Spotlight on October 25, 2018
  • Ziccum achieved proof-of-concept during the year by drying a selection of anti-bodies and received it’s initial order for a feasibility project for a client with a substance in pre-clinical stage of development

Significant events after the reporting period

  • Ziccum reported on January 10, 2019, that the company had filed a patent application regarding Adenovirus with a dry and temperature-stable formulation which meets the WTO’s requirements for CTC-status
Selected financial data
ooo"s 2018
Oct-Dec
2017
Oct-Dec
2018
Jan-Dec
2017
Apr-Dec*
Net sales 35 227
Other income 179
Operating profit/loss -1 734 -123 -4 210 -338
Result after tax, SEK -1 734 -174 -4 571 -389
Total assets 12 785 1 737 12 785 1 737
Cash flow for the period (SEK) 9 721 28 10 256 280
Cash flow per share (SEK) 1.80 0.01 2.85 0.10
Cash 10 536 280 10 536 280
Earnings per share before and after dilution (SEK) -0.32 -0.06 -1.27 -0.14
Equity per share (SEK) 2.00 0.57 2.00 0.57
Equity ratio (%) 94% 98% 94% 98%
*Company founded on April 5, 2017

CEO STATEMENT

Many major drugs cannot today be produced in dry form, but only as liquids that have to be stored between 4 – 8 degrees C. This involves complex logistics and transport, with most biological drugs and vaccines requiring major resources in the form of packaging, handling and transportation, in turn leading to many patients not being able to access treatment or vaccination.

Our unique, patented technology LaminarPace makes it possible to produce biological drugs in dry form. Dry form is always sought after when developing new drugs. It has many benefits: It increases the product"s stability and shelf life, facilitates transportation throughout the supply chain, from factory to patient, and enables the distribution of drugs to new places where refrigerated and freezer storage is a major challenge. It means too that patients who treat themselves at home can also access safer and more effective drugs.

We’re now continuing our evaluation and development of new dry forms, with positive results. With LaminarPace we can apply for patents for new forms of preparation, so broadening our existing patent on the basic LaminarPace methodology, which is the backbone of Ziccum. Based on these positive results, in January 2019 we submitted a patent application on a very important component in the development of new vaccines – Adenovirus. Our study results confirmed our assessment that we have an important offering for the industry and the market—one that can solve problems no one else has so far been able to solve, giving Ziccum a positive position in a large and growing market.

We have previously been awarded the Phase 1 grant in Horizon 2020 – the most ambitious and comprehensive funding program for research and innovation in EU history. During this quarter we started our Phase 2 application, aiming, as previously communicated, to submit it in early Q2 2019. We have also begun discussions with a number of vaccine companies and academic groups who have shown interest in Ziccum"s technology and which we consider could be of great interest when it comes to the commercialization of our offering.

To sum up, we have a competitive offer in a huge and extremely interesting market, a market where Ziccum can deliver significant benefits to patients, and create value for our shareholders.

Göran Conradson, CEO

NB: This is a partial translation of the Swedish interim report. If any discrepancies exist, the Swedish version shall prevail. 

TO READ THE FULL REPORT IN PDF PLEASE GO HERE. 

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB
E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

The information above was provided by Ziccum AB (publ) through the above contact person, for publication on February 21, 0900, 2019.

Marknadsmeddelande 39/19 – Korrigering av Ziccum AB:s teckningsoptions, ZICC TO 1, FISN kod

Ziccum AB:s teckningsoption, serie TO 1 handlas från och med den 13 februari 2019 men en ny FISN kod. Den nya FISN koden är ZICCUM/OPT RTS 20191231

Information om teckningsoptionen:
Kortnamn: ZICC TO 1
Aktienamn: Ziccum TO 1
ISIN-kod: SE0011641950
Orderboks-ID: 4NGA
CFI: RMXXXX 
Gammal FISN: ZICCUM/OPT RTS 20181003
Ny FISN: ZICCUM/OPT RTS 20191231
Marketsegment: SPSE
MIC Code: XSAT
Ticksize/likviditetsband: A (Other instruments)

Stockholm den 12 februari, 2019

Spotlight Stock Market
08-511 68 000
info@spotlightstockmarket.com 

Ziccum AB submits patent application for new temperature-stable, dry-powder formulation of Adenovirus, a key global vaccine ingredient

Huddinge, 10 January 2019. Ziccum AB (publ) has submitted a formal patent application on a new dry-powder, temperature-stable formulation of Adenovirus—a key ingredient in vaccines against Malaria, Ebola, meningitis and HIV, diseases which affect over 100 million people globally every year. The dry-powder formulation was carried out using Ziccum’s technology for air-drying biologic therapies.

Temperature demands on vaccines are getting tougher. As part of its strategic mission to vaccinate more people worldwide without having to rely on costly, complex cold-chain refrigeration systems, the WHO now requires that vaccines be stored at +40 degrees C for at least three days in order to earn CTC (Controlled Temperature Chain) approval (1).

Ziccum’s new, active, temperature-stable, dry-powder formulation of Adenovirus can be stored at +40 degrees C for at least one week with no loss of active ingredient, not only meeting, but surpassing, WHO CTC requirements. The formulation is unique, according to the company, and could lead to a significant global increase in the number of people who can be vaccinated. The company has submitted a formal patent application for the new formulation.

Cracking the Cold Chain

“This solves a problem no one has been able to solve before,” says CEO Göran Conradson. “We can formulate vaccines that are safe and stable to transport, without needing costly refrigeration equipment during the last, crucial step in reaching the people in most need. We do it using Ziccum"s LaminarPace TM drying technology. Adenovirus can now be dried and stored at +40  degrees C for a week—then reconstituted back into an active, injectable vaccine by adding sterilized water. This could have a huge impact on a market worth 18 BUSD in 2017, and forecast to grow to 25 BUSD in 2021 (2). Clinical trials are currently underway using Adenovirus in vaccines against Malaria, Ebola, meningitis and HIV, diseases that affect well over 100 million people a year. Ziccum"s new dry formulation could put these and other vaccines within the reach of millions more people. Adenovirus is also used in gene therapy, with over 500 clinical trials ongoing3, and other treatments including cancer treatment of solid form tumours such as breast cancer, lung cancer, pancreatic cancer and prostate cancer. All these are significant indications of the powerful commercial potential of Ziccum’s unique formulation technology.”

Needle-less vaccine potential

The dry formulation powder generated by Ziccum"s LaminarPace ™ technology is rapidly dissolved by adding sterilized water, after which vaccination or injection can be carried out directly. However, results from the research which formed the basis of the patent application, also show that the active dry powder generated could also be used for other forms of needless vaccination, such as inhalation. This would further increase the number of people who could be vaccinated or treated—without even any need for sterilized water or syringes.

1)       https://www.who.int/immunization/programmes_systems/supply_chain/ctc/en/ 

2)       Global Data, 2018

3)       The Journal of Gene Medicine Clinical Trial (http://www.abedia.com/wiley/vectors.php)

 

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB
E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

 

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

The information above was provided by Ziccum AB (publ) according to EU Market Abuse Regulations. The information was provided, through the above contact person, for publication on January 10, 2019.

ZICCUM AB Interim Report Q.3 2018

Stockholm, Sweden, November 15 2018, Summary of interim report – Third Quarter and first nine months 2018: During the first nine months, Ziccum AB generated capital  through borrowing 2.25 MSEK, achieved proof of concept by drying selected antibodies, and received its first order regarding a feasibility project for a customer with a substance in preclinical development. On October 3, 2018 the subscription period for Ziccum"s new issue of units ahead of the planned listing on Spotlight was completed. The new share issue of 15.8 MSEK was subscribed to approx. SEK 52.7 million, a subscription ratio of approx. 334%. Ziccum"s shares were listed on Spotlight on October 25, 2018.

July-September 2018

0 KSEK

(0) Net sales

-1 714 KSEK

(-103) Operating profit

-0.62 SEK

Earnings per share before dilution

-0.62 SEK

Earnings per share after dilution

January-September 2018

192 KSEK

(0) Net sales

-2 442 KSEK

(-215) Operating profit

-0.93 SEK

Earnings per share before dilution

-0.93 SEK

Earnings per share after dilution

CEO statement

Many pharmaceuticals cannot be formulated as dry powders. It entails complicated and expensive handling, leading to many patients not getting treatments and vaccinations. This is where Ziccum can make a difference. And I’m delighted to welcome so many new shareholders on board helping us as we continue on that journey.

We have a unique, patented technology in LaminarPace. It makes it possible to manufacture biological pharmaceutical as stable dry powders. There are many advantages with dry powder; transportation, handling and storage are all simpler. Stable dry powders make it possible to reach patients all over the world even where access to the cold temperature chain is limited, and to enable patients with chronic diseases to take their therapies with them wherever they go.

Our evaluation and development of new formulations continues with very good results. Results we intend to apply patents for, so broadening our Intellectual Property portfolio, and adding to our already existing patent on LaminarPace’s methodology and system. We have already started with a new patent application based on these encouraging results, and these results strengthen our position on the international market. We solve problems no one has been able to solve previously – giving Ziccum strong opportunities in a global and growing market.

The European Commission granted our application for phase 1 Horizon H2020 funding– the most ambitious program for innovation and development in the history of EU. This further strengthens our belief that we have a very strong and competitive offering, which has the potential to make a significant impact on large patient populations. We will shortly commence our report for Phase 1, and start the Phase 2 application to be submitted in the beginning of Q2 2019.

In conclusion – we have a strong and competitive offering in a very interesting and large market. A market where we can make a significant difference for patients, and create value for our shareholders. I wish all new shareholders a warm welcome, and I am look forward to reporting to them on our continued journey.

Göran Conradson

Chief Executive Officer

Highlights, Q.3 (July-September)

During the third quarter a new share issue was initiated ahead of the planned issue of 15.8 MSEK before issue costs which was fully subscribed as of October 3, 2018.

Highlights during reporting period (January-September)

  •  In January, capital was raised through loans totalling 2.25 MSEK
  •  The company received its first order regarding a feasibility project for a customer with a substance during preclinical development
  •  Achieved proof-of-concept in antibody test. New results showed that Ziccum"s system for drying, LaminarPace® can produce a dry, stable powder of immunoglobulin antibodies – with retained activity
  •  At the AGM on 25 April, new Board members Ola Camber, Mattias Münnich and Kristian Kierkegaard
  •  On July 11, it was announced that Ziccum had been awarded 0.5 M Euro funding in Horizon 2020 phase 1 for a preliminary study for the scaling up of a major and aseptic system for GMP production of therapies. The funding is a clear quality stamp on Ziccum’s technology and business potential

Highlights after reporting period

On October 3, 2018, the subscription period of Ziccum"s new issue of share units was completed prior to its planned listing on Spotlight. The new issue of 15.8 MSEK was subscribed to approx. 52.7 MSEK including subscription commitments, a subscription ratio of approx. 334%. Ziccum thus raised a total of 15.8 MSEK before issue costs of approx. 1 MSEK, with number of shareholders increasing to about 1000. The offer included a maximum of 3,000,000 units, which means max 3,000,000 shares and max 3,000,000 warrants of series TO1. Two warrants of Series TO1 give the right to subscribe for a new share with subscription period in December 2019 at one exercise price of SEK 10 per share.

Following the completed rights issue, Ziccum is no longer a subsidiary of Inhalation Sciences

Sweden AB, however, Ziccum is an associated company of Inhalation Sciences.

On October 25, 2018, Ziccum"s shares were listed on Spotlight Stock Markets.

To read the full Q.3 Report in PDF go here.

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB
E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company’s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

Ziccum AB (publ) confirms first day of trading on Spotlight to be Thursday 25 October 2018

STOCKHOLM, SWEDEN – 22 October, 2018. On Thursday 25 October 2018, trading begins in Ziccum AB"s shares and warrants of series TO 1 on Spotlight. The share will be traded under the designation ‘ZICC’, with ISIN code SE0011415595. Warrants of the series TO 1 will be traded under the trade designation ‘ZICC TO 1’, with ISIN code SE0011641950.

Issue oversubscribed before listing

The listing on Spotlight follows a share issue of units that raised 15.8 MSEK before issue costs for the company. The new issue was subscribed to approximately 52.7 MSEK including subscription commitments, which corresponds to a subscription ratio of approximately 334%. Following the issue the company has approximately 1000 shareholders.

Terms of warrants in brief

Holdings of two (2) warrants of series TO 1 entitle the holder to subscribe for (1) newly issued share at a price of 10.00 SEK. Subscription of shares on the basis of warrants may take place from 1 December 2019 until 31 December 2019.

Background

Ziccum was founded as a spin-out from Inhalation Sciences, which was successfully noted on Spotlight (formerly Aktietorget) in September 2017. Ziccum"s vision is to provide safe and effective drugs in all contexts and environments around the world, minimizing the need for costly and impractical cooler and freezer transport and storage.

Advisors

Fredersen Advokatbyrå AB has acted as legal adviser in connection with the issue. Aqurat Fondkommission AB has acted as the issuer.

For more information about Ziccum, please contact:

Göran Conradson: CEO Ziccum AB
E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company"s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

Ziccum AB (publ) share issue oversubscribed before listing on Spotlight

STOCKHOLM, SWEDEN 9 October: On October 3, 2018, the subscription period for Ziccum"s new issue of units was completed, prior to its planned listing on Spotlight. The new issue of 15.8 MSEK was subscribed to approximately 52.7 MSEK including subscription commitments, a subscription ratio of approximately 334%. Ziccum will therefore receive a total of 15.8 MSEK before issue costs of approx. 1 MSEK, while increasing the number of shareholders to approximately 1000. Settlement notes for units subscribed without preference under the new terms and conditions was issued on October 8, 2018.

CEO Göran Conradson’s statement:

"It’s gratifying that the new issue has been fully subscribed and we can now begin speeding up the development of our projects. We believe that Ziccum’s unique technology has significant medical and commercial potential, and I look forward to keeping investors informed as our projects move forward and approach market. I’d like to offer a warm welcome to all Ziccum AB’s new owners!"

Ziccum was founded as a spin-out from Inhalation Sciences, which was successfully noted on Spotlight (formerly Aktietorget) in September 2017. Ziccum"s vision is to enable the delivery of safe and effective drugs to all environments worldwide, minimizing costly and impractical fridge and freezer transport and storage.

Advisors

Fredersen Advokatbyrå AB has acted as legal adviser in connection with the issue. Aqurat Fondkommission AB has acted as the issuer.

For more information about Ziccum, please contact: 

Göran Conradson: CEO Ziccum AB

E-mail: conradson@ziccum.com

Mob: +46 709 61 55 99

About Ziccum

Ziccum AB (publ) develops new patented formulations of biological drugs where sensitivity to temperature differences, especially during transportation, currently limits medical and so commercial potential. The company"s patented technology, LaminarPace, develops dry powder formulations of drugs and vaccines that currently only exist in liquid form. By doing so Ziccum can increase the availability of drugs and vaccines in existing markets—and open up new ones.

Posts navigation

1 2 3 16 17 18 19 20