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Index Pharmaceuticals

Biotech & Life Sciences · Solna kommun, Sweden · Founded 2000

Developing drugs to treat inflammatory bowel disease that can help patients return to a normal life MoreLess

InDex Pharmaceuticals Holding AB is a biopharmaceutical company listed on the Nasdaq First North Growth Market. The company focuses on developing innovative treatments for immunological disorders, with a particular emphasis on ulcerative colitis, a chronic inflammatory bowel disease. The Group includes InDex Pharmaceuticals AB and its wholly-owned subsidiary, InDex Diagnostics AB.

The primary product in InDex Pharmaceuticals' pipeline is cobitolimod, a drug designed to treat moderate to severe left-sided ulcerative colitis. Cobitolimod has a unique mechanism of action, which aims to provide effective and safe treatment options for patients who have limited alternatives. The company is currently preparing for a Phase III clinical trial to further evaluate the drug's efficacy and safety.

InDex Pharmaceuticals serves patients suffering from immunological disorders, particularly those with ulcerative colitis. The company operates in the biopharmaceutical market, which involves the development and commercialization of drugs based on biological sources.

The business model of InDex Pharmaceuticals revolves around research and development (R&D) of new drug candidates. The company invests heavily in clinical trials to ensure the safety and efficacy of its products. Revenue is generated through the successful commercialization of these drugs, either by bringing them to market directly or through partnerships and licensing agreements with larger pharmaceutical companies.

InDex Pharmaceuticals makes money by advancing its drug candidates through the clinical trial phases and eventually obtaining regulatory approval for market release. Once approved, the company can either sell the drugs directly to healthcare providers and patients or license the rights to other pharmaceutical companies in exchange for royalties and milestone payments.

Keywords: biopharmaceutical, ulcerative colitis, immunological disorders, cobitolimod, clinical trials, Nasdaq First North, drug development, R&D, healthcare, licensing.

Company overview

Index Pharmaceuticals company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2000
Headquarters
Solna kommun, Sweden
Employees
10
Open positions
None listed
Dealroom signal
57.4
client focusb2bsub industryPharmaceuticalsub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorOncologysectorDNAsectorGastroenterologysectorGenetics and genomicssectorImmune SystemsectorSpinoutsectorSustainable Development GoalssectorBiotech and Pharma

Valuation & funding

Index Pharmaceuticals funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Mar 2020 $242K Vinnova
GRANTOther financing Mar 2018 $55K European Innovation Council
IPOExit Oct 2016 $0 Undisclosed
GRANTOther financing May 2016 $218K Vinnova
EARLY VCEquity / VC Mar 2014 $17M $66M NeoMed
EARLY VCEquity / VC Jan 2011 Industrifonden · SEB Venture Capital
SPINOUTOther financing Oct 2000 Karolinska Institute · KI Science Park
Showing 7 recorded eventsUnlock the complete deal history →

Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $12M 0% −$5.6M -47.5% −$5.6M -47.7%
2025 $12M 0% −$5.6M -47.5% −$5.6M -47.7%
2024 $12M 0% −$5.6M -47.5% −$5.6M -47.7%
2023 $12M +11793.2% −$5.6M -47.5%
2022 $99K 0% −$5.6M -5654.4%
2021 $99K 0% −$5.6M -5654.4%
2020 $99K −$5.6M -5654.4%
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Index Pharmaceuticals website traffic

Latest recorded traffic for Index Pharmaceuticals is 1.3K monthly website visits, down 67.5% over the last three months. Index Pharmaceuticals's team grew 0% over the past year.

Latest monthly visits1.3K 3-month web change-67.5% 1-year team growth0%
Monthly website visits77 observations · Oct 2017–Jul 2024
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Comparisons

Index Pharmaceuticals compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Index Pharmaceuticals's talent

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Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

7 investors on Index Pharmaceuticals's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 2 investors entered at this stage
Vinnova
European Innovation Council
Series A 3 investors entered at this stage
Industrifonden
SEB Venture Capital
NeoMed
Other known 2 additional known investors
Karolinska Institute
KI Science Park

Global footprint

Where Index Pharmaceuticals has talent and traffic

Workforce by country
2 countries with
team presence
🇧🇦 Bosnia and Herzegovina50%
🇸🇪 Sweden50%
2 countries shown

In the news

Latest news about Index Pharmaceuticals

Recent press, funding announcements, and product moves mentioning Index Pharmaceuticals — open to read from the original sources.

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Market sentiment

What the market is saying about Index Pharmaceuticals

An AI-synthesized read of the highest-engagement posts about Index Pharmaceuticals on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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