Corline Biomedical AB
↗Uppsala, Sweden
Corline Biomedical AB is a Swedish life sciences company specializing in the development and commercialization of heparin-based solutions for medical devices and regenerative medicine. The company's core technology platforms, Corline Heparin Surface (CHS™) and Corline Heparin Conjugate (CHC™), utilize a proprietary macromolecular heparin conjugate to improve the biocompatibility of implants and protect transplanted organs and cells from immune-mediated thrombosis and inflammation.
The company operates with a dual-track business model. In the medical technology sector, it out-licenses its CHS™ coating technology to partners for use in cardiac, neurovascular, and other high-performance medical devices. In the regenerative medicine sector, Corline is developing its own drug candidates, most notably Renaparin®, which is designed to prevent ischemia-reperfusion injury in kidney transplantation, and Cytoparin™, focused on improving outcomes in cell therapies such as islet cell transplantation for Type 1 diabetes.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Biotechnology
Sub-Industry:Regenerative Medicine and Surface Coatings
SIZE & FINANCIALS
Employees:1-50
Revenue:$1M-$5M
Founded:1991
Ownership:public
Status:operating
FUNDING
Stage:Post-IPO
Total Raised:$15M
Investors:European Commission (Horizon 2020), EIC Fund, M2 Asset Management AB, HealthInvest, Adam Dahlberg (Chairman)
STOCK
Exchange:Nasdaq First North Growth Market (Stockholm)
Ticker:CLBIO
Market Cap:$35M-$50M
PIPELINE
Stage:Phase 2
Lead Drug Stage:Phase 2 (Renaparin®)
Modalities:Macromolecular conjugate, Heparin-based coating, Cell therapy adjuvant
Active Trials:1
Trial Phases:Phase 1: 1 | Phase 2: 1
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Corline Pharma AB
Key Partnerships:Kardium (Globe® ablation catheter coating), Imperative Care (Neurovascular applications), Smerud Medical Research (Clinical trial management)
COMPETITION
Position:Niche Player
Competitors:Carmeda AB (Medtronic), BioInteractions Ltd, Surmodics, Maquet (Getinge Group), Calliditas Therapeutics
LEADERSHIP
Key Executives:
Henrik Nittmar - CEO
Åsa Holm - COO
Scientific Founders:Gunnar Tufveson, Lars-Olof Nilsson
Board Members:Adam Dahlberg (Chairman), Lars Sunnanväder, Gunilla Ekström, Henrik Krook, Magnus Nilsson
LINKS
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