Iconovo decides on a rights issue of units of approximately SEK 28.7 million subject to approval by extraordinary general meeting

The board of Iconovo AB (“Iconovo” or the “Company”) has today resolved on an issue of units, consisting of shares and warrants (together, “Units”), of approximately SEK 28.7 million before issue expenses with preferential rights for existing shareholders (the “Rights Issue”). The subscription price per Unit is SEK 5.40, corresponding to SEK 5.40 per share. The main purpose of the Rights Issue is to support the execution of the ICOres project with Amneal and the ICOpre project with a generic Ellipta product, as well as support development of a product with intranasally inhaled semaglutide in ICOone Nasal. The Rights Issue is subject to approval by an extraordinary general meeting in the Company, which is planned to be held on 29 October 2024. The Rights Issue is 100 percent covered by subscription undertakings, subscription intentions and guarantee commitments. Notice to the extraordinary general meeting will be disclosed in a separate press release.

Iconovo receives positive guidance from FDA regarding substitutability for ICOpre®

Iconovo AB (publ), which develops inhalation products for a global market, today announces that the US Food and Drug Administration (FDA) has issued a positive guidance regarding the generic substitutability of the company's proprietary inhaler ICOpre® with the original drug Breo Ellipta with respect to external design and operating principles.

Iconovo terminates all agreements with ISR Immune System Regulation AB and reclaims the intellectual property rights to ICOone®

Iconovo today announce that the company has terminated all agreements with ISR Immune System Regulation AB ("ISR") due to ISR's failure to meet its payment obligations and its submission of a bankruptcy application on September 11. The parties began collaborating in April 2021 on the development of a COVID-19 vaccine based on the ICOone® inhaler platform. The collaboration has generated revenue for Iconovo totaling approximately SEK 18 million, and Iconovo has already written off the company's remaining claims against ISR in 2022 and 2023. Therefore, today's announcement will have no further impact on Iconovo's financial position or results. Iconovo is now reclaiming all intellectual property rights to ICOone® and is expected to recover approximately SEK 2.7 million in VAT if ISR is declared bankrupt.

Correction: Iconovo develops intranasally inhaled semaglutide in ICOone Nasal for more user-friendly treatment of overweight and obesity

Iconovo AB (publ), a leading player in the development of inhalable medicine of the future based on proprietary inhalers and dry powder formulations, today announces that the company has initiated the development of the GLP-1 analogue semaglutide in the inhaler ICOone Nasal® for intranasal treatment of overweight and obesity. The initiative is based on in-depth analyses of the commercial opportunities for more user-friendly forms of administration of GLP-1. The company will run the project through preclinical proof-of-concept and at the same time initiate discussions with potential license partners for the product. Overweight and obesity are the first indications in Iconovo's new initiative in the development of inhaled GLP-1.

Iconovo develops intranasally inhaled semaglutide in ICOone Nasal® for more user-friendly treatment of overweight and obesity

Iconovo AB (publ), a leading player in the development of inhalable medicine of the future based on proprietary inhalers and dry powder formulations, today announces that the company has initiated the development of the GLP-1 analogue semaglutide in the inhaler ICOone Nasal® for intranasal treatment of overweight and obesity. The initiative is based on in-depth analyses of the commercial opportunities for more user-friendly forms of administration of GLP-1. The company will run the project through preclinical proof-of-concept and at the same time initiate discussions with potential license partners for the product. Overweight and obesity are the first indications in Iconovo's new initiative in the development of inhaled GLP-1.

ICONOVO AB PUBLISHES THE ANNUAL REPORT 2023 IN ENGLISH

The abbreviated annual report 2023 in English is attached to this press release and is now available on the company's website, www.iconovo.se. ContactsJohan Wäborg,…

Iconovo files patent application for inhaled GLP-1 products and initiates development of new obesity treatments

Iconovo AB (publ), which develops complete inhalation products for a global market, today announces that the company has filed a broad patent application…

Iconovo receives patent protection for ICOres® in China

Iconovo AB (publ), which develops complete inhalation products for a global market, today announces that the Chinese Patent Office intends to approve Iconovo's application for a patent for the inhalation platform ICOres®. ICOres® is already being used in several of Iconovo's customer projects, and this new patent strengthens the intellectual property rights, benefiting customers who will launch pharmaceutical products based on the company's unique inhaler in the future.

QUARTERLY REPORT Q1-2024

Q1 2024 | 25 April 2024