Diamyd Medical

Diamyd Medical

DMYD-B.ST
Stockholm, Sweden· Est.
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Private Company

Total funding raised: $67.2M

Market Cap: $18.7MFounded: 1994Employees: Small core team (exact range not specified)HQ: Stockholm, Sweden

Overview

Diamyd Medical is a clinical-stage biotech focused on developing disease-modifying therapies for type 1 diabetes (T1D). Its core strategy centers on antigen-specific immunotherapy using its proprietary recombinant GAD65 antigen, delivered intralymphatically to induce immune tolerance. The company has achieved significant milestones including Fast Track and Orphan Drug Designations from the FDA, full enrollment in its Phase 3 DIAGNODE-3 trial, and the establishment of a dedicated manufacturing facility. Diamyd's precision medicine approach aims to halt autoimmune destruction and preserve endogenous insulin production, potentially transforming T1D management.

Type 1 DiabetesAutoimmune Diabetes

Technology Platform

Antigen-specific immunotherapy platform based on recombinant human GAD65 (rhGAD65) formulated with alum, designed for intralymphatic administration to induce immune tolerance and preserve pancreatic beta cell function.

Funding History

5
Total raised:$67.2M
PIPE$12M
Grant$5M
Series B$25M
Series A$15M

Opportunities

A successful Phase 3 trial for retogatein would address a massive unmet need in type 1 diabetes, enabling a precision medicine therapy that could command premium pricing and transform standard of care.
The Orphan Drug and Fast Track designations in the US provide a pathway to accelerated approval and market exclusivity.

Risk Factors

The primary risk is clinical failure of the Phase 3 DIAGNODE-3 trial, which would jeopardize the company's lead asset.
Additional risks include regulatory hurdles, future financing needs potentially diluting shareholders, and challenges in market adoption for a new disease-modifying therapy.

Competitive Landscape

Diamyd's antigen-specific, intralymphatic approach is distinct from broader immunosuppressants and other immunomodulators in development. Its main competitive advantages are its targeted mechanism, established safety data, and late-stage development position, but it must prove efficacy against other modalities like teplizumab and emerging cell therapies.

Company Timeline

1994Founded

Founded in Stockholm, Sweden

2001IPO

IPO — $10.2M

2005Series A

Series A: $15.0M

2008Series B

Series B: $25.0M