Diamyd Medical
DMYD-B.STPrivate Company
Total funding raised: $67.2M
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.
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
5Opportunities
Risk Factors
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
Founded in Stockholm, Sweden
IPO — $10.2M
Series A: $15.0M
Series B: $25.0M