SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Alzheimer's medicine generates millions for Swedish Bioarctic

» Updated: 04 August 2024, 15:01

» Published: 01 August 2024

Alzheimer's medicine generates millions for Swedish Bioarctic
Photo: Martina Holmberg/TT

The sale of the Alzheimer's medicine Leqembi has generated 6.3 billion yen, equivalent to around 450 million kronor, during the second quarter. This is evident from preliminary global figures.

The sale increased by 120 percent compared to the previous quarter and gives Bioarctic, whose discovery is the basis for the product, approximately 43 million kronor in royalties, the company writes in a press release.

The medicine was developed by American Biogen and Japanese Eisai. It began selling in Japan in December and has been sold previously in, among other places, the USA.

The EU, unlike several other countries, has so far refused to approve Leqembi – which is used to treat mild dementia resulting from Alzheimer's. In its decision on July 25, the European Medicines Agency EMA wrote that the treatment's benefits do not outweigh its risks.

Bioarctic writes in the press release that it is, while waiting for European approval, preparing a launch in the Nordic countries together with Eisai.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac

Upbeat in Japan – Gloomy in China
1 MIN READ

Upbeat in Japan – Gloomy in China

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards