Scandinavian Biopharma is pleased to announce the successful completion of its large pediatric Phase IIb trial for ETVAX®, a promising vaccine candidate against enterotoxigenic Escherichia coli (ETEC), commonly called traveler’s diarrhea, conducted in The Gambia.
Scandinavian Biopharma is pleased to announce another year of significant growth. For the full year 2023, the revenue increased by over 33 MSEK, corresponding an organic growth of 27%. The total revenue for 2023 amounted to 154 MSEK.
It is with great pleasure that we present another really good year of growth. The figures for the full year 2022 add up to an increase in sales equivalent to 30% in organic growth. In total, sales amount to approximately SEK 122 million. Our ETEC vaccine candidate, ETVAX, is about to enter phase 3.
At the annual PATH-hosed Vaccines Against Shigella and Enterotoxigenic Escherichia coli (VASE) Conference, diarrhea is always the center of the conversation, and this year's gathering was no exception. During the 2022 VASE Conference in Washington, DC last week more than 300 experts traveled from around the world to learn about the latest enteric vaccine research.
Scandinavian Biopharma continues to strengthen its organization in manufacturing and is pleased to welcome Johan Jarmander as our new Drug Substance Specialist Manufacturing & Development.
Scandinavian Biopharma and Novavax have signed a commercial collaboration agreement for the Covid vaccine Nuvaxovid. As of October 2022, the company is the representative for Nuvaxovid on the Swedish market and will assist Novavax with the sales and marketing of the vaccine. Nuvaxovid is an adjuvanted protein-based vaccine that protects against SARS Covid-19.
All participants have received the third and final vaccination dose in our large randomized, placebo-controlled, and double-blind phase 2b study in The Gambia. The study includes 4 936 children aged 6-18 months. The overall goal of the study is to investigate the efficacy against moderate to severe diarrhea caused by ETEC.
Scandinavian Biopharma continue to strengthen the organization in regulatory affairs through the recruitment of Marja Held as the new Senior Regulatory Affairs Manager.
Scandinavian Biopharma continues to strengthen its organization in manufacturing and is pleased to welcome Anna Sumic as our new DS & DP Manufacturing Specialist.
Scandinavian Biopharma has expanded the partnership with Emergent Travel Health Inc. to also include the marketing and distribution of Emergent’s oral typhoid vaccine (Ty21a) in Germany.
In 2020, Scandinavian Biopharma entered into an agreement with USAMMDA to fund manufacturing and development activities for its ETEC diarrhoea vaccine, ETVAX®. The agreement has now been extended, providing additional financial support. The objective is to accelerate the development and approval of the vaccine in the United States.
Scandinavian Biopharma is now strengthening its organisation by recruiting Agneta Lissmats as Senior Director Biostatistics. The company is in late-stage clinical development and has an ambitious development program with several ongoing clinical studies for the ETEC vaccine candidate ETVAX®.
2021 was another successful year for Scandinavian Biopharma. The company took important steps in the development of the ETEC vaccine candidate and the distribution business set a new sales record by reaching SEK 93.8 million. The company continued to grow organizationally and expanded the team in both production, QC and QA, this expansion in turn required the business to expand its office space.
Scandinavian Biopharma continues to strengthen its organization in manufacturing and is pleased to welcome Sara Grahm as our new Director of Manufacturing.
Scandinavian Biopharma continues to grow and we also start this year by welcoming new colleagues. We are further strengthening in manufacturing and are pleased to welcome Maria Edlund as our Drug Product Specialist.
For several years we have supported the orphanages in Grand Popo by donating food, medicine and other supplies to improve the situation of the children. Our Seasonal gift will guarantee that the children at the orphanages have a proper supply of rice, beans, spaghetti, tomatoes and cooking oil. We are committed to support children in low- and middle-income countries.
We are expanding the business so much that we need larger premises. During the pandemic, the company has hired many new employees in research, clinical development, registration, manufacturing and sales. The space is specially adapted for Scandinavian Biopharma's operations and has a tailor-made, state of the art laboratory with a process development unit as well as a modern meeting place.
Scandinavian Biopharma has strengthened its vaccine portfolio by the addition of an innovative preclinical project for the development of a new Campylobacter jejuni vaccine. Scandinavian Biopharma will have the global rights for a Campylobacter jejuni vaccine technology developed by VaxAlta.
An improved user-friendly formulation of the world's most advanced ETEC vaccine candidate, ETVAX®, has been developed to meet commercial requirements. We want to ensure that the new formulation gives rise to immune responses that are non-inferior (i.e. not worse) to the previous formulation of the vaccine that underwent earlier testing. This is done in a phase II double-blinded, randomized study.
Scandinavian Biopharma continues to grow and welcome new colleagues. We are now further strengthening our organisation in manufacturing and are pleased to welcome Aino Råberg as our Drug Substance Lead.