Aqilion project company Trophea to be liquidated

Today AQILION AB announced that the extraordinary general meeting of the project company Trophea AB, with its wholly owned subsidiary Trophea Development AB, resolved to liquidate the companies. According to the decision, liquidation will begin on December 28, 2019.

The project company Trophea is developing a potential combination product, a topical gel, for the treatment of skin atrophy (thinning of the skin). It is a known problem that the patient may develop skin atrophy as a side effect of prolonged treatment using potent topical steroids (corticosteroids). The extraordinary general meeting of Trophea AB, with its wholly owned subsidiary Trophea Development AB, resolved on December 19, 2019 to liquidate both companies. Liquidation will begin on December 28, 2019.

Aqilion identifies unique life science ideas that have the potential to become new medications and refines them into commercially interesting projects. Each development project is run separately, sometimes as an individual subsidiary, supported by common central resources. As a result of an inventory and validation of the portfolio companies carried out during the year, Aqilion chose not to continue to invest in Trophea. Aqilion’s decision is based on a proactive risk minimization strategy and a sound business approach, in line with the company’s strategy and business model. After a review of all of the project’s scientific and preclinical data combined with a risk and market analysis prior to the previously planned Phase 2 study, the conclusion is that the current study design is not feasible. The project requires a new start, which Aqilion has chosen not to finance.

“Of course, it is a shame not to be able to continue to invest in all projects in Aqilion’s portfolio. However, it is essential for us to stop investing in or to shut down those development projects that do not meet Aqilion’s objectives, and that we do so at an appropriate time. It is equally important to identify risks early in the projects in order to foster proactive leadership and a sound business approach,” says Sarah Fredriksson, CEO of AQILION AB.

The Trophea companies were founded in 2015 by Partners för Utvecklingsinvesteringar inom Life Sciences, P.U.L.S. AB (now known as AQILION AB) along with the network group PULS partners, which was active at the time, and the innovators behind the project idea. Aqilion continued to be the largest owner of Trophea since its inception.

For more information, please contact
Sarah Fredriksson, CEO, AQILION AB, +46 (0)70 261 4575, sarah.fredriksson@aqilion.com

About AQILION AB
Aqilion is a Swedish life science company that identifies unique pharmaceutical projects at an early phase in the drug discovery process and develops them in preparation for clinical trials. The goal is to demonstrate the clinical and commercial potential of the medical innovation to attract industrial partners and buyers, who in turn have the capacity to continue clinical development and take the product to market. The business model is based on involvement at an early stage and close collaboration with the innovator, regardless of whether the project is initiated by an external researcher, internal development project, or industrial partner. Aqilion prefersprefers projects aimed at niche markets. Specialty medications (high-cost, high complexity and/or high touch drugs) and orphan drugs (drugs to treat diseases so rare that they would be unprofitable to produce without government assistance) are particularly interesting. Aqilion has its headquarters in Helsingborg. Please visit www.aqilion.com.


Aqilion presents Nomination Committee for the 2020 Annual General Meeting

The Nomination Committee has been appointed and comprises the following members:

  • Helena Arcombe, appointed by the shareholder Länsförsäkringar
  • Malin Ruijsenaars, appointed by the shareholders Grenspecialisten AB and LMK Forward AB
  • Clas Runnberg, appointed to represent other shareholders
  • Lena Mårtensson, appointed to represent Aqilion’s network of advisors 

The members appoint the Chairman between themselves.

The Nomination Committee shall prepare proposals for the 2020 Annual General Meeting regarding the Chairman of the meeting, election of Board members and Chairman of the Board, the fees to be paid to the Board Chairman and the Board members, remuneration to the auditor and election of the auditor.

The Annual General Meeting of AQILION AB will be held on Wednesday, June 10, 2020, at 05.00 p.m. (CET) in Helsingborg, Sweden.

Read more about Aqilion on the company’s website www.aqilion.com.

For more information, please contact
Sarah Fredriksson, CEO, AQILION AB, +46 (0)70 261 4575, sarah.fredriksson@aqilion.com

About AQILION AB
Aqilion is a Swedish life science company that identifies unique pharmaceutical projects at an early phase in the drug discovery process and develops them in preparation for clinical trials. The goal is to demonstrate the clinical and commercial potential of the medical innovation to attract industrial partners and buyers, who in turn have the capacity to continue clinical development and take the product to market. The business model is based on involvement at an early stage and close collaboration with the innovator, regardless of whether the project is initiated by an external researcher, internal development project, or industrial partner. Aqilion prefers projects aimed at niche markets. Specialty medications (high-cost, high complexity and/or high touch drugs) and orphan drugs (drugs to treat diseases so rare that they would be unprofitable to produce without government assistance) are particularly interesting. Aqilion has its headquarters in Helsingborg.
Please visit www.aqilion.com.


Aqilion sells shareholdings in portfolio company Glactone Pharma

AQILION AB is selling its entire stake in the portfolio company Glactone Pharma AB to Daniel Lifveredson Invest AB. The purchase price is divided into a smaller amount as initial payment at the time of takeover and an additional payment based on Glactone Pharma’s future performance.

Glactone Pharma AB was founded in 2012 as a project company within what was then known as Partners för Utvecklingsinvesteringar inom Life Sciences, P.U.L.S. AB, now known as AQILION AB. Glactone Pharma develops innovative new drug candidates for treatment of late-stage prostate cancer (castration-resistant prostate cancer). The innovators’ idea is based on a naturally occurring molecule that has been shown to bind to and block STAT3, which is overactive in cancer cells, and contributes to the unrestrained growth of castration-resistant prostate cancer cells. Since STAT3 is involved in many of the central disease processes in cancer, STAT3 blocking is considered to be one of the most promising new methods for treating various types of cancer.

In accordance with Aqilion’s strategy and business model, the company has inventoried its respective holdings in the portfolio companies. Aqilion’s assessment is that Glactone Pharma will have better opportunities and conditions for its successful continued development under a new principal owner, for which reason Aqilion has now sold its entire stake in the company.

“Glactone Pharma’s research and development is both thorough and innovative. With a new principal owner in place, the company will have the opportunity to develop both existing intellectual property rights and completely new drug candidates. I look forward to following Glactone Pharma’s progress, since its innovators, along with its management and owners, now have excellent prospects for successful future development,” says Sarah Fredriksson, CEO of Aqilion.

For more information, please contact
Sarah Fredriksson, CEO, AQILION AB, +46 (0)70 261 4575, sarah.fredriksson@aqilion.com

About AQILION AB
Aqilion is a Swedish life science company that identifies unique pharmaceutical projects at an early phase in the drug discovery process and develops them in preparation for clinical trials. The goal is to demonstrate the clinical and commercial potential of the medical innovation to attract industrial partners and buyers, who in turn have the capacity to continue clinical development and take the product to market. The business model is based on involvement at an early stage and close collaboration with the innovator, regardless of whether the project is initiated by an external researcher, internal development project, or industrial partner. Aqilion prefers projects aimed at niche markets. Specialty medications (high-cost, high complexity and/or high touch drugs) and orphan drugs (drugs to treat diseases so rare that they would be unprofitable to produce without government assistance) are particularly interesting. Aqilion has its headquarters in Helsingborg.

Please visit www.aqilion.com.