Tikomed Granted Permission for Clinical Trial in ALS by the Swedish Medical Product Agency and Ethical Review Board.

VIKEN, Sweden, May 28, 2018 (Newswire.com) - ​TikoMed, a specialty pharmaceutical company focused on developing therapeutics for treating acute and degenerative neurological and ophthalmic diseases, is delighted to announce that the company has been granted permission for a clinical trial (Phase 2a) in ALS (Amyotrophic Lateral Sclerosis) at Sahlgrenska University Hospital by the Swedish Medical Product Agency and Ethical Review Board.

Anders Svenson M.D., Chief Medical Officer of TikoMed, commented, “Today, we present an important milestone, with the granted permission by the Swedish Medical Product Agency and Ethical Review Board for our first phase 2a clinical trial, and we look forward to start initiating the ALS clinical trial in the coming months at Sahlgrenska Univeristy Hospital. We believe the ILB technology has significant potential for ALS and we therefore look forward to the study outcome later this year.”

The study will be performed at and in collaboration with Sahlgrenska University Hospital, Gothenburg, Sweden. Assoc. Professor Lennart Persson, a world renowned key opinion leader, will be principal investigator. 15 patients will be treated with ILB during a 4-week period.

Tikomed is also preparing for an ALS study with Birmingham University Hospital, UK. 15 patients will be treated with ILB during a 10-week period.

About TikoMed:

TikoMed is a Swedish privately held biotech company founded in 2002 in Viken, outside Helsingborg. The business idea is to bring pharmaceutical projects through “proof of concept” studies in patients and to commercialize through leading “Big Pharma” partners.

The operational activities are characterized by efficient project management and documentation to optimize development paths for each specific indication.

Present focus is to bring ILB, TikoMed’s lead project, through clinical studies in patients with neurological and ophthalmic diseases.

Please read more at www.tikomed.com

About ALS (Amyotrophic lateral sclerosis)

ALS is a neurodegenerative sclerotic nerve disease that causes the nerve cells that control the body’s muscles to gradually deteriorate. It is the most serious disease in the group of motor neuron diseases. The disease causes increased weight loss followed by muscle thinning (muscle atrophy) and finally general paralysis. The direct cause of death is often lost in breathing and that the heart is no longer able to beat.

There is today no cure, but the available drug treatment consists of medicine slowing the progression. Although there are exceptions, half of the patients die within 3 years and another 25 percent die within 5 years after the first symptoms.

About ILB:

ILB’s mechanism of action, boosting self-repair, supports broad applicability in neurological conditions including amyotrophic lateral sclerosis (ALS), Alzheimer, Stroke, and TBI (traumatic brain injury).

About TikoMed:

TikoMed is a Swedish privately held biotech company founded in 2002 in Viken, outside Helsingborg. The business idea is to bring pharmaceutical projects through “proof of concept” studies in patients and to commercialize through leading “Big Pharma” partners.

The operational activities are characterized by efficient project management and documentation to optimize development paths for each specific indication.

Present focus is to bring TikoMed’s lead project, ILB, through clinical studies in patients with neurological and ophthalmic diseases.

Source: TIKOMED AB