New multi-million kronor agreement for Sprint Bioscience
Sprint Bioscience and LG Chem have signed a cooperation and licensing agreement for research, development and commercialization of drug candidates. “We’re delighted about the agreement with LG Chem, an ideal partner to further develop this programme,” says Dr Anders Åberg, Sprint Bioscience CEO.
– We are very pleased to have signed the agreement with LG Chem, a perfect partner to further develop this program. The agreement also confirms the quality of our drug research programs and the global scope of our network in the pharmaceutical industry, “says Dr. Anders Åberg, CEO of Sprint Bioscience.
The agreement applies to Sprint Bioscience’s early development program for NASH and metabolic diseases and gives the company approximately USD 2.5 million for the first 12 months. Sprint Bioscience is entitled to approximately $ 230 million in potential preclinical, clinical and net sales-based interim payments. In addition, Sprint Bioscience is entitled to receive royalties on worldwide net sales of any resulting products from the collaboration.
– We enter into this collaboration with Sprint Bioscience to expand our portfolio in NASH and other metabolic diseases, says dr. Jeewoong Son, CEO of LG Chem Life Sciences Company.
NASH (Non-Alcoholic Steatohepatitis) is a serious liver disease where there is currently no treatment. Sprint Bioscience is working on a new mechanism of action and a new target protein involved in fat storage in the liver and other tissues, inflammatory response and fibrosis in NASH. Something that provides the opportunity to develop treatments that can slow the development of both early and late stages of NAFLD (Non-Alcoholic Fatty Liver Disease) / NASH.
Temporary diversion of Hälsovägen
On Hälsovägen, construction will soon start on 800 new homes, two preschools and premises. New walkways and squares will also be built here. A temporary diversion road has been built on Hälsovägen's central strip. The existing lane on the north side (from Huddingevägen in the direction of Flemingsberg's center) will be closed due to excavation work.
Stockholm Life Tech gets full funding
Stockholm Life Tech is awarded over SEK 16 million from the European Regional Development Fund. The project is run by Region Stockholm and will enable advanced development and production environments in Flemingsberg to be opened to small and medium-sized companies.
P4 Stockholm covers south Stockholm from Södertörn University
Since September last year, Swedish Radio station SR P4 Stockholm has had a local editorial team based at Södertörn University. The initiative is part of the station’s comprehensive local news coverage in the region. It also creates opportunities for educational co-operation with journalism training at the university.
More workshops at new makerspace in Flemingsberg
A new makerspace at KTH in Flemingsberg offers students new opportunities to do more practical engineering work and provides everything from 3D printers to a precision engineering workshop where students can build projects into products.
Cyklodash takes Flemingsberg Science Award
Cyklodash is a game idea that could encourage more people to explore cities by bike. The game is designed to make more people want to start cycling to work. That’s the hope of the team behind the concept that recently won the Flemingsberg Science Award.
Strong brands choose Flemingsberg
Kungliga Operan AB and Kungliga Dramatiska Teatern AB have signed an agreement with Fabege to relocate their operations from Gäddviken in Nacka to Flemingsberg. The agreement constitutes the start of the next phase in Fabege's urban development plans in Flemingsberg.