- Business
- LIDDS AB (publ) (LIDDS.ST) is a Sweden-based biotechnology company that develops pharmaceutical products utilizing its proprietary NanoZolid technology platform for local, controlled, and sustained drug release to enhance treatment precision, boost local efficacy, and minimize systemic side effects, primarily targeting oncology and other diseases; core products in its pipeline include Liproca Depot, a NanoZolid-formulated 2-hydroxyflutamide (2-HOF) anti-androgen for localized prostate cancer treatment prior to radical therapies; Nanodotax, a NanoZolid-formulated docetaxel chemotherapeutic agent demonstrated safe and well-tolerated in phase I studies with positive immunological responses in solid tumors; and Nanoimod, a preclinical NanoZolid-formulated toll-like receptor 9 (TLR9) agonist agatolimod poised for phase Ib trials in multiple cancers combined with checkpoint inhibitors. The company, founded in 1999 and headquartered in Uppsala, Sweden, operates within the pharmaceuticals and biotechnology sector, focusing on reformulating existing drugs for improved outcomes at lower development costs and listed on Nasdaq First North Growth Market since 2014. LIDDS maintains geographic operations centered in Sweden with partnerships extending internationally, including a research and development agreement with Johnson & Johnson Enterprise Innovation Inc. for an undisclosed oncology indication and a license agreement with Puheng Pharma for Liproca Depot in China; its intellectual property covers the NanoZolid technology and derived products until at least 2037, validated through clinical trials and collaborations. Recent developments encompass the January 2024 announcement and February 2024 completion of acquiring all shares in Noviga Research AB, a biotechnology firm developing cancer drug NOV202, establishing it as a wholly owned subsidiary to broaden its oncology pipeline; the May 2024 appointment of Mats Wiking as new CEO effective September 2024 amid management refresh; and a November 2025 agreement for a reverse takeover of Proport Invest AB (publ) to restructure operations.