Cyxone to research additional autoimmune conditions
In collaboration with the Medical University of Vienna, Cyxone is set to conduct a study into inflammatory bowel disease involving a cyclotide in established animal models. The study will begin early in 2018.
Work on developing T20K for multiple sclerosis has indicated that cyclotides have excellent drug properties. The cellular processes on which T20K has an effect have been found by independent researchers to also be significant for autoimmune conditions.
The inflammatory bowel disease study is part of Cyxone's strategy to investigate whether cyclotides under existing patents should be developed for autoimmune conditions other than multiple sclerosis.
Inflammatory bowel disease affects around one per cent of the population of the western world, and is increasing in countries with improving living standards.
This press release contains forward-looking statements that constitute subjective estimates and forecasts about the future. Assessments about the future are only valid on the date they are made and are, by their very nature, similar to research and development activities in biotechnology area, associated with risk and uncertainty. In light of this, actual outcomes may differ substantially from what is described in this press release.
October 11, 2017
Cyxone AB (publ)
Kjell G. Stenberg, CEO
Tel: +46 (0)723 816168
211 22 Malmö
This is information that Cyxone AB is required to publish under the EU Market Abuse Directive. The information was provided under the auspices of the above contact person for publication on October 11, 2017 at 15:15 CET.
Cyxone AB (publ.) is a biopharmaceutical company that develops drugs based on cyclotides, a class of natural plant protein. Cyclotide technology has the potential to provide new drugs with beneficial pharmacological effects on diseases that currently lack safe and effective treatments. The company is focusing on the development of substances that inhibit key processes in cells that are typically associated with various immune disorders, such as multiple sclerosis and rheumatoid arthritis. Cyxone's Certified Adviser on the Nasdaq First North is Erik Penser Bank, which can be reached on +46 (0) 8 46 38 000.