Home Analyses Company update Cereno Scientific – a rare opportunity in cardiovascular diseases

Company update Cereno Scientific – a rare opportunity in cardiovascular diseases

Company update Cereno Scientific – a rare opportunity in cardiovascular diseases

14 October, 2020

Cardiovascular diseases (CVD) are the most common cause of death in the world. An estimated 17,9 million people are expected to die every year, a figure that is forecasted to rise to 22,2 million by 2030. Gothenburg-based biotech company Cereno Scientific is developing new a new class of therapies in CVD, using an epigenetic modulation platform. Earlier this year, the FDA granted Cereno Scientific orphan drug designation-status (ODD) for its leading clinical phase II candidate CS1 in pulmonary arterial hypertension (PAH). BioStock has now published a company update on Cereno Scientific.

Supported by world leading experts in CVD and PAH, Cereno Scientific’s management recently announced that they will initiate a phase IIa with CS1 in PAH trial by mid 2021. At the same time, the company secured funding through a directed share issue of SEK 60 million and a loan facility of SEK 10 million, allowing them to go forward with their plans.

Advancing CS1 in PAH, is the first step in validating their technology, introducing a new class of treatment in CVD, both rare and common, an area with a growing need for new therapies.

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