Iconovo has entered into an agreement to continue the formulation development with Danish rare lung disease company Kiox Pharma. This is a continuation of the collaboration between the companies that was announced last year. The new agreement entails revenues of SEK 2.7 million for Iconovo during 2024, in addition to the SEK 1.6 million that the company received during 2023.
The project is based on a reformulation of an FDA approved drug substance in one of Iconovo’s patented inhalers; ICOcap. The aim is to develop a new inhalable treatment for interstitial lung diseases (ILD). The value of the ILD treatment market was over USD 4 billion in 2022.
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