AlzeCure Pharma AB (publ) (ALZCUR.ST) is a Sweden-based pharmaceutical company founded in 2016 and headquartered in Huddinge that focuses on developing innovative small-molecule drug candidates for central nervous system disorders, primarily Alzheimer's disease and severe pain conditions; its lead platforms include NeuroRestore for symptomatic cognitive treatments, Alzstatin for disease-modifying Alzheimer's therapies, and Painless for non-opioid pain relief. Core products encompass NeuroRestore ACD856, a positive allosteric modulator of Trk receptors in Phase II clinical development targeting Alzheimer's disease, cognitive dysfunction from Parkinson's disease, traumatic brain injury, sleep disorders and depression; NeuroRestore ACD857 in research for Alzheimer's; Alzstatin ACD680, a gamma-secretase modulator in preclinical stage to reduce amyloid-beta-42 plaques; Painless ACD440, a TRPV1 antagonist gel that completed Phase IIa with positive efficacy in neuropathic pain and received U.S. FDA Orphan Drug Designation for erythromelalgia in July 2025; and Painless ACD137 (TrkA-NAM), a preclinical candidate demonstrating analgesic and anti-inflammatory effects in osteoarthritis pain models. The company operates primarily in Sweden with a diversified pipeline addressing unmet needs in neurodegenerative diseases and chronic pain for patient populations including those unresponsive to current therapies. Recent developments include a EUR 2.5 million grant from the European Innovation Council in February 2025 to support Phase IIa trials of ACD856, including higher dosing evaluations; a rights issue in July 2025 oversubscribed by 212% raising SEK 58.5 million; Orphan Drug Designation for ACD440 in erythromelalgia with positive FDA guidance for Phase IIb/III; new preclinical data for ACD137 presented at NeuPSIG 2025; appointment of Cecilia Wadell as Head of Development in August 2025; and a December 2025 payment receipt for the EIC grant.