Cyxone is a clinical-stage biotechnology company focused on developing a new generation of disease-modifying therapies for autoimmune and autoinflammatory diseases. The company's portfolio is built on two primary technological pillars: first-in-class small molecules and cyclotide-based drugs. These therapies are designed to inhibit key processes in the body's immune cells, such as pro-inflammatory cytokines, to treat conditions like rheumatoid arthritis (RA) and multiple sclerosis (MS). The company's lead assets include Rabeximod, an oral small molecule in Phase 2 development for RA, and T20K, a cyclotide-based candidate for MS. Cyxone aims to address significant unmet medical needs by providing safer, more effective, and more convenient treatment options compared to current biologics and immunosuppressants. The company operates with a lean virtual model, leveraging partnerships with academic institutions and contract research organizations (CROs) to advance its pipeline.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Biotechnology
Sub-Industry:Autoimmune therapeutics
SIZE & FINANCIALS
Employees:1-50
Revenue:$0M-$5M
Founded:2015
Ownership:public
Status:operating
FUNDING
Stage:Public
Total Raised:$25M
Investors:Existing shareholders via rights issues, OxyPharma (historical), Medical University of Vienna (licensing partner)
STOCK
Exchange:Nasdaq First North Growth Market
Ticker:CYXO
Market Cap:$1.4M
PIPELINE
Stage:Phase 2
Lead Drug Stage:Phase 2 (Rabeximod)
Modalities:Small molecule, Peptide, Cyclotide
Active Trials:2
Trial Phases:Phase 1: 1 | Phase 2: 1
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Key Partnerships:Medical University of Vienna (T20K licensing), University of Freiburg (T20K licensing), EGeen Inc. (CRO for clinical trials)
COMPETITION
Position:Emerging
Competitors:ADMA Biologics, Apellis Pharmaceuticals, Vera Therapeutics, Taiho Pharmaceutical, AstraZeneca, Abivax
LEADERSHIP
Key Executives:
Kjell Stenberg - CEO
Scientific Founders:Christian Gruber, Carsten Gründemann
Board Members:Michael Oredsson (Chairman), Jürgen Reess, Andrew Scorey, Maarten Kraan
LINKS
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