Icelandic pharmaceutical company secures over 15-million USD in funding


Coripharma, an Icelandic pharmaceutical company founded in 2018 by former employees of Actavis and investors, has secured over $15-million dollars in funding by a syndicate over 20 new investors. The pharmaceutical firm specializes in the manufacturing and development of pharmaceuticals for other pharmaceutical companies, as well as focusing on the...

Icelandic Pharmaceutical Supply Chain Technology Company Raises almost $8m USD


Controlant, a pharmaceutical supply chain company from Iceland, focusing on ensuring consumer safety and decreasing waste by digitally connecting the end-to-end supply chain, has successfully raised $7.7m (960m ISK). Controlant has indicated that “the investment will be used to fund ongoing expansion and growth, both in terms of development and exp...

Epilepsy drug based on research by Icelandic professor now sold in the United States


About 30-years ago, Dr. Sveinbjörn Gizurarson, professor at the Faculty of Pharmacology at the University of Iceland, and his colleagues began work on an emergency treatment for epilepsy designed for delivery as a nasal spray. In December of 2019, this work has culminated in the formal sale of the treatment under the drug-name Nayzilam. Nayzilam is...

The Technology Transfer Office of Iceland Celebrates 1st Anniversary


The Technology Transfer Office (TTO) of Iceland celebrated its 1st anniversary last December. TTO is a national technology transfer office that serves the Icelandic universities, colleges and public research institutes. The organization was primarily set up as a means of providing a gateway for research to investment opportunities, as well as the n...

Pfizer Partners with Icelandic Digital Health Company


SidekickHealth, a digital therapeutics company from Iceland, has partnered with Pfizer, a global pharmaceutical conglomerate, to develop a digital solution for smoking cessation. Sidekickhealth co-founder and CEO commented on the partnership, “As a doctor I have witnessed the harm of smoking and how extremely difficult it can be to quit. We are gra...

Canadian Digital Healthcare Platform Provider Partners with Icelandic Directorate of Health


Think Research, a leading digital healthcare platform provider, has announced a partnership with the Icelandic Directorate of Health. The partnership is aimed at improving medical care for the treatment of Chronic Obstructive Pulmonary Disease (COPD) and obstetric care through evidenced-based tools, best-practice order sets, the standardization of...

Partnering for Increased Biosimilar Market Share: Alvotech Partners with Cipla Gulf


Alvotech, a privately-owned biopharmaceutical company out of Reykjavik, Iceland, announced a partnership with Cipla Gulf FZ LLC for the commercialization of a biosimilar (AVT02 – an adalimumab biosimilar) in emerging markets. AVT02 is a biosimilar to AbbVie’s Humira with indications for several autoimmune diseases, such as Rheumatoid Arthritis. In...

Emerson Collective Invests in an Icelandic Medical Fish Skin Company


Kerecis, an Icelandic medical device company and pioneer in using fish skin in tissue regeneration, recently announced a $16m series C financing round. The funds will be used to increase sales and marketing in the United States and Switzerland. According to media coverage in Iceland, Emerson Collective, which was founded by Laurene Powel Jobs, is o...

Icelandic MedTech Company Engages with Women’s College Hospital in Toronto


Medilync, a medical technology company from Iceland, has announced their work with the Women’s College Hospital Institute for Health Systems and Solutions and Virtual Care (WIHV) in Toronto, Ontario. Medilync was selected among a delegation of 15-Nordic companies to visit the hospital and care centers in Toronto. WIHV completed a comprehensive eval...

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