Press Releases

STOCKHOLM. Umecrine Cognition AB today announces the closing of a financing round raising SEK 45 million (US$4.9 million) in accordance with the company’s strategy to develop and commercialize its lead compound GR3027 for the treatment of patients with liver cirrhosis and hepatic encephalopathy. Current investors Fort Knox Förvaring AB, Partnerinvest Övre Norrland AB, Norrlandsfonden and Karolinska Development (Nasdaq Stockholm: KDEV) participated in the financing round.

STOCKHOLM/UMEÅ. Umecrine Cognition AB, a Karolinska Development (Nasdaq Stockholm: KDEV) portfolio company today announced positive top-line results from its Phase 1 first in human clinical trial with GR3027, a novel orally active GABAA receptor modulating steroid antagonist, in development for treatment of hepatic encephalopathy (HE) in patients with liver cirrhosis.

STOCKHOLM/UMEÅ. Umecrine Cognition AB, a Karolinska Development (Nasdaq Stockholm: KDEV) portfolio company in clinical development with a novel treatment for hepatic encephalopathy (HE) in patients with liver disease, today announces that Dr. Bruce Scharschmidt has been appointed as a new member of its board of directors and Senior Development Adviser.

STOCKHOLM/UMEÅ – Umecrine Cognition AB, a Karolinska Development (Nasdaq Stockholm: KDEV) portfolio company developing a novel treatment for hepatic encephalopathy (HE) in patients with liver disease, today announces it has completed a private financing round that will support the clinical development of its lead drug candidate for HE in liver disease patients. New investors, Fort Knox Förvaring AB, Partnerinvest Övre Norrland AB and Norrlandsfonden join founder investor Karolinska Development in this new financing round.