STAYBLE THERAPEUTIC’S RIGHTS ISSUE OVERSUBSCRIBED
The subscription period ended on 17 February 2021. The rights issue was subscribed to a total of approximately 268 percent by existing shareholders and the public. Stayble will thus receive approximately SEK 41.5 million before transaction related costs. The capital that the company is now provided is intended to finance the Company's operations until completion and processing of the results from the Company's ongoing clinical Phase 2b trial and to give Stayble the opportunity to initiate discussions with potential partners to drive the project further through clinical Phase 3 studies until market approval.Read more about the Rights Issue
Latest press releases
Stayble appoints Professor Hans Jörg Meisel as a member of the scientific advisory board
Stayble Therapeutics today announced that the company’s scientific advisory board gains new expertise through the appointment of Professor Hans Jörg Meisel, Berlin, Germany. Prof. Meisel adds furth...
Last day of trading in BTA
Stayble Therapeutics AB (“Stayble” or the “Company”) hereby announces that the last day of trading in Paid Subscription Shares (Sw. BTA) will be on 8 March 2021 and stop day will be on 10 Marc...
Bridging the therapeutic gap
About 30% of all patients with discogenic cLBP are helped by therapy such as analgesics and physiotherapy, and only 1% undergo spine surgery. Stayble’s product STA363 will bridge the gap between conservative and radical therapy to the benefit of millions of patients presently left on their own to cope with sustained and disabling pain.Our market
Treating the root cause of the disease. Not just the symptoms.
Instead of costly or time-consuming procedures, such as spinal fusion or long-term physiotherapy, our cLBP treatment is an easily performed, single injection procedure that stabilises the disc by transforming it to connective tissue. Unlike any other currently available treatment, this has the potential to permanently attenuate the pain significantly faster than surgical intervention.
An intervertebral disc consists of two main parts: the disc centre and the wall. The disc centre consists largely of a highly hydrated gel together with nucleus pulposus cells and fibroblasts.
DEGENERATED UNTREATED DISC
When a disc degenerates it becomes less stable and proinflammatory substances formed during the degenerative process can leak from the inner core of the disc. Pain-sensing nerves within and outside the wall of the disc are activated. These processes cause back pain.
By injecting STA363 directly into the degenerated intervertebral disc, the cells are triggered to produce collagen and the damaged disc is transformed into connective tissue. This helps restabilise the intervertebral segment and reduces leakage of proinflammatory substances.
Get in touch
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