Initiator started off as a spin-out company from Saniona AB (“Saniona”) together with Dr. Claus Olesen, Dr. Dan Peters, Professor Ulf Simonsen and Dr. Mikael Thomsen, with the business idea of further developing a family of drug candidates based on so-called MRI technology (Monoamine Reuptake Inhibitor). The technology aims to inhibit the reuptake of monoamines in the body’s nerves and thereby increase dopamine levels in various parts of the brain and body. Dopamine is an important neurological signaling substance, and by increasing the dopamine level, a number of different diseases can be treated. All founders of Initiator have long and solid experience of preclinical and clinical drug development and are also world-leading researchers in erectile dysfunction and MRI technology, which forms the basis for the Company’s drug candidates.
2016
- Founding of Company
2017
Financial:
- IPO Aktietorget
IPED2015:
- Initiator initiate Preclinical Program
2018
IPED2015:
- Initiator Completes Preclinical Program
- CTA approved for Ph1
- First Human Dosed in Ph1
Financial:
- Completion of Rights Issue
2019
IPED2015:
- Ph1 Completed
- Initiation of Ph2a
- Positive Ph2a Results Announced
Financial:
- Awarded IFD InnoBooster
- Secured Bridge Financing
2020
IPED2015:
- Final report Ph2a
IPD2018:
- CTA submitted for Ph2a
- Start screening of patients for Ph2a
- Exercise of Option Agreement
Financial:
- Direct placement Rights Share Issue
- Awarded IFD InnoBooster
2021
IPED2015:
- Approval Ph2b
- Start Ph2b
Financial:
- 30 MSEK Direct Investment
- 30 MSEK Preferential Rights issue
- Listing on Nasdaq First North Growth Market
2022
- Positive IPTN2021 phase 1 efficacy pain data
- Successful SEK 41 million rights issue
- Successful recruitment of Christina Guldberg, Senior Director, Clinical Development and Outcomes
Research (Rare Diseases)