Curatis enters SIX Swiss Exchange following the acquisition of Kinarus

Please login or
register
26.04.2024
SIX Swiss Exchange

Following the completion of their business combination, Kinarus Therapeutics Holding AG and its wholly owned subsidiary Curatis Group AG have started a new strategic journey. Kinarus has rebranded itself to Curatis Holding AG. Curatis has become a publicly traded company under the name Curatis Group, based in Liestal, Basel. As of today, CURN.SW shares are trading on the SIX Swiss Exchange.

Early this year, Curatis announced the reverse merger with Kinarus, a publicly listed specialty pharmaceutical company with a distribution and drug development business, to save it from bankruptcy. The business combination of the two companies has now been completed and new changes have been enforced. Kinarus Therapeutics Holding AG has been renamed to Curatis Holding AG while Curatis is now listed on the Swiss Exchange under the name of Curatis Group (CURN.SW) with a domicile in Liestal, Basel-Landschaft. A total of CHF 4.36m in cash was raised in Q1 2024 in connection with the business combination.

Marian Borovsky, Chairman of Curatis Holding AG says, “We are very excited about this Business Combination as it allows Curatis AG to continue its successful business activities as part of a publicly listed group and adds Kinarus’ compound platform KIN001 to our promising development portfolio (...). ”With Curatis now being part of a publicly listed group and the expected increase in public visibility and credibility, the company aims to grow its speciality pharmaceuticals distribution business by expanding its product offering in Switzerland as well as geographically expanding its distribution business to large European markets such as Germany, France, the U.K., and Italy.Founded in 2002, Curatis is focused on the acquisition, development and commercialisation of innovative medicines for the prevention, diagnosis and treatment of rare diseases - often referred to as orphan diseases - and special care diseases. It also operates a distribution business with a sizeable and historically profitable portfolio of interesting, marketed orphan and speciality products in Switzerland and has a pipeline of four promising projects in advanced and late clinical development.

  1. C-PTBE-01: for the treatment of peritumoral brain edema in pediatric patients with diffuse intrinsic pontine glioma (“DIPG”) – next major development step: pivotal clinical study
  2. C-AM-01: for the prevention of severe migraine with aura ("MwA") – next major development step: clinical phase IIb study
  3. C-MOH-01: for the treatment and prevention of medication overuse headache (“MOH”) – next major development step: clinical phase IIb study
  4. KIN001: for the treatment of rare inflammatory and fibrotic diseases (e.g. idiopathic pulmonary fibrosis (“IPF”)) – next major development step: clinical proof-of-concept.

KIN001, developed by Kinarus, is a proprietary compound with potential in inflammatory and fibrotic diseases - a significant new element in the Group's pipeline. The Curatis Group intends to explore the potential of KIN001 in ultra-orphan inflammatory and fibrotic diseases and to pursue its own drug development for the identified ultra-orphan indications. Additionally, Curatis Group also has exclusive distribution rights in Switzerland for more than 30 different drugs developed by third party pharmaceutical companies.


(Press release / SR/ RAN)

0Comments

Company profiles on startup.ch

Curatis AG (former Kinarus AG)

rss