Update on Follicum's new diabetes drug class patent application

14 May 2018

Sweden’s Follicum AB (Nasdaq: OMXS), best known as a developer of drugs that stimulate and inhibit hair growth, today announce that the company’s diabetes project is progressing as planned and the company has submitted an enhanced patent application for its novel peptide drug candidate class.

The news pushed Follicum’s share up 3.5% to 3.25 Swedish kronor in morning trading.

A large amount of results have been processed to complete the application submitted in early May 2017. The results are unequivocally positive and show that the new peptide class has the potential to become a valuable addition to the current treatment of diabetes.

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