Corline Biomedical

Corline Biomedical

CLBIO.ST
Uppsala, Sweden· Est.
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $16.2M

Market Cap: $49.0MFounded: 2005HQ: Uppsala, Sweden

Overview

Corline Biomedical, founded in 2005 and based in Uppsala, Sweden, has developed the Corline Heparin Conjugate (CHC™), a unique macromolecular technology that mimics the natural blood-compatible lining of blood vessels. The company operates a dual business model, generating revenue by supplying its CHS™ coating to medical device partners while advancing its proprietary pipeline, Renaparin® and Cytoparin™, in high-value regenerative medicine fields like kidney transplantation and cell therapy. Listed on Nasdaq First North (CORLINE), Corline leverages a strong scientific foundation of over 100 publications to drive innovation and partnerships in areas of significant unmet clinical need.

CardiovascularTransplantationCell Therapy

Technology Platform

The Corline Heparin Conjugate (CHC™) is a proprietary macromolecular technology consisting of pre-assembled aggregates of heparin molecules, designed to mimic the natural heparan sulfate proteoglycans on blood vessel walls, providing dense, stable, and highly bioactive antithrombotic and anti-inflammatory surfaces.

Funding History

2
Total raised:$16.2M
Series A$15M
Grant$1.2M

Opportunities

Corline's platform addresses massive markets in medical device coatings and regenerative medicine, driven by the need for improved hemocompatibility in complex implants and better outcomes in transplantation and cell therapy.
Its dual revenue model provides near-term income from device partners while building long-term value through therapeutic pipeline partnerships.

Risk Factors

Key risks include high dependency on a limited number of OEM and regenerative medicine partners, regulatory hurdles for new therapeutic applications of its heparin conjugate, and competition from large, well-resourced suppliers of medical device coatings and alternative therapeutic approaches.

Competitive Landscape

Corline competes with large chemical suppliers offering passive coatings and other active heparin technologies in the device space, differentiating through its superior macromolecular CHC™ platform. In regenerative medicine, its localized, biomimetic approach to preventing inflammation and rejection is unique compared to systemic drugs or novel biologics.

Company Timeline

2005Founded

Founded in Uppsala, Sweden

2016Grant

Grant: $1.2M

2021Series A

Series A: $15.0M