- Business
- Active Biotech AB (publ) is a Sweden-based biotechnology company specializing in the research, development, and production of pharmaceutical products focused on immunomodulatory treatments for oncology and inflammatory diseases. Its main products include small molecule immunomodulators such as tasquinimod and laquinimod, addressing hematological cancers, non-infectious uveitis, and solid tumors, alongside antibody-based immunotherapy represented by the partnered anti-cancer immunotherapy naptumomab with NeoTX Therapeutics. The company operates primarily in Sweden and collaborates internationally with academic and clinical partners in the US and Europe to advance its clinical programs. Founded in 1983 and headquartered in Lund, Sweden, Active Biotech's portfolio targets specialist indications with high medical need and commercial value. Recent major developments include the acquisition of exclusive rights to patents for tasquinimod in combination therapy for multiple myeloma, approval of a clinical trial for tasquinimod in myelofibrosis in Europe, and the start of enrollment for a clinical phase I study of a topical ophthalmic formulation of laquinimod. The company also completed a SEK 43.4 million rights issue in 2024 to support its clinical development activities and expanded its collaborations with institutions such as MD Anderson and Oncode Institute, while demonstrating clinical activity of naptumomab in non-small cell lung cancer. These advancements underline Active Biotech's strategic focus on innovative immuno-oncological and immunological therapies with significant unmet medical needs and projected commercial potential.