Dicot AB

05/31/2022 | Press release | Distributed by Public on 05/31/2022 05:02

Dicot: Dicot AB enters research collaboration with Uppsala University and the W. Szafer Institute of Botany

Press release from Companies

Publicerat: 2022-05-31 13:00:00

Dicot AB: Dicot AB enters research collaboration with Uppsala University and the W. Szafer Institute of Botany

Press release: Uppsala, May 31, 2022. Dicot AB is developing the drug candidate LIB-01, which will be a potency agent to better treat erectile dysfunction and premature ejaculation. Dicot announces today that the company has entered a research collaboration with Uppsala University and the W. Szafer Institute of Botany of the Polish Academy of Sciences (PAS) to investigate a new technology to make starting material for production of the drug substance.

Dicot is developing a novel potency drug aimed to be the first choice for the treatment of erectile dysfunction and premature ejaculation. The drug candidate LIB-01 contains an active substance originating from nature. As a step in preparing for future commercialisation of LIB-01 on the global market the company has now entered a research collaboration with Uppsala University and the W. Szafer Institute of Botany PAS.

The collaboration aims at investigating if the starting material for the drug substance in LIB-01 can be obtained by using plant cells grown incultures. This is a proven technology for large scale sustainable commercial supply of drugs originating from nature.

Professor Ulf Göransson, Uppsala University, and Dr Błażej Ślązak of W. Szafer Institute of Botany PAS currently working at Uppsala, both experts in the field of Pharmacognosy, will lead the research project. The founder of Dicot, Professor Jarl Wikberg, is also involved in the collaboration.

The collaboration aims to demonstrate proof of concept and is a one-year research project to test the technology with Dicot's plant material in the laboratory scale. If this is successful, it will be followed by further assessments. The project will be run in parallel with current already established manufacturing process where plant material, seeds, are used to extract starting material for production of drug substance.

"- Preparing and setting the scene for a future successful global launch is important. This research project is highly interesting as it can open further opportunities for commercial supply in addition to already established method. As a developing company, we continuously assess different alternatives to develop cost effective solutions in all areas", says Elin Trampe, CEO of Dicot.

For further information, please contact:

Elin Trampe, CEO
Tel: +46 739 80 14 08
Email: [email protected]

About Dicot AB

Dicot is developing the drug candidate LIB-01, which will be a potency agent to better treat erectile dysfunction and premature ejaculation. The ambition is to create a drug with significantly longer effect and far fewer side effects, compared to those on the market. Today, at least 500 million men suffer from these sexual dysfunctions and the market is valued at SEK 50 billion. Research and development are conducted under own auspices up to phase 2 studies. Thereafter, Dicot's intention is to form strategic alliances, or alternatively carry out a trade sale, with larger, established pharmaceutical companies to be able to introduce LIB-01 on the world market.

Dicot is listed on Spotlight Stock Market and has approximately 3,300 shareholders. For more information, please visit www.dicot.se.