Lipum: A busy year ahead
Research update Q4 2024
|2025-03-05
- The phase I study successfully completed
- Planning for a financing round in Q2
- Our model suggests a fair value of SEK 15.83 per share
Just before the release of the year-end report, Lipum announced positive topline results from its phase I study with SOL-116 in rheumatoid arthritis. Now, the company is busy planning for the next clinical step, expected to start in Q1 2026. Financing, completing production of the drug candidate, study planning and filing the application are among the activities on the company’s agenda in 2025. Lipum is in transition to become a phase II company, which is an inflection point in terms of valuation. Until Lipum has reached some of its milestones, we keep our tight risk-adjustment, implying a fair value of SEK 15.83 per share.
Read our latest research update below.