Empros secures 80 MSEK funding to support development of obesity treatment candidate - EMP16

Arvid Söderhäll, CEO of Empros commented: "The obesity market is one of the most attractive and immature life science markets. All the media buzz surrounding weight loss medications is focused on GLP-1 drugs but it is our belief that they are not a silver bullet and other treatments will be required. As in any other large indication, a variety of targets and Modes of Action are needed. EMP16 is by far the most mature project in its segment and this makes it a unique asset, particularly as it is an oral product with a robust safety profile. If all goes to plan, we will launch EMP16 in the US during 2027 and this will make it the next obesity drug out of the blocks after Mounjaro".  

On February 7^th, Empros announced the first tranche investment of 40 msek, and with this second tranche the entire financing amounting to 80 msek is secured. The second trance payment follows after the initiation of the SESAM trial as announced on April 24^th. Empros is now fully financed to reach the next value inflection point expected in Q1 2024. The topline data from the SESAM trial and data from a pharmacodynamic/pharmacokinetic trial will be announced simultaneously.

EMP16 follows the FDA 505(b)2 regulation and therefore the phase 3 trials will be very lean and cost effective. It also means that the safety risk in the remaining clinical program is also low. It only remains to demonstrate efficacy as the safety of active pharmaceutical ingredients has already been characterised after decades of use by millions of patients.

Canaccord Genuity is acting as exclusive business development advisor for EMP16 and organizations with an interest to commercialize EMP16 are encouraged to contact Issac Jacob at Canaccord.