Elicera Therapeutics' co-founder receives a grant totalling 4.8 MSEK from the Swedish Childhood Cancer Fund to support CAR T-cell research

Gothenburg, December 22, 2023 - Elicera Therapeutics AB (publ), a clinical stage cell and gene therapy company developing next generation cancer treatments based on its proprietary commercial technology platform iTANK, today announced that that its co-founder, Professor Magnus Essand, has received a total of 4.8 MSEK in funding from the Swedish Childhood Cancer Fund. The research project, which spans over three years, will be conducted by professor Magnus Essand's research group at Uppsala University and aims to investigate the ability of CAR T-cells to induce immunity in brain tumors in children.

The research grant from the Swedish Childhood Cancer Fund is awarded to Uppsala University, and the results generated in the project will contribute to the understanding of whether Elicera's cell therapy candidate ELC-401 could also be used in the future to treat brain tumors in children.

"We are very pleased that the Swedish Childhood Cancer Fund has given our co-founder Magnus Essand the confidence to continue developing his groundbreaking research at Uppsala University. The possibility of developing our cell therapy candidate ELC-401 in the future for the treatment of children with brain tumors is very interesting, and the size of the grant is a clear testament to the importance of Magnus Essand's contributions to cancer research and the potential of Elicera's development projects," says Jamal El-Mosleh, CEO of Elicera Therapeutics.