• Xspray Pharma proposed a directed issue of 1,350,000 shares corresponding to approximately SEK 88 million to expand the product portfolio


  • Positive results from pilot study showed HyNap-Dasa’s bioavailability of dasatinib and achieved the primary purpose of the study which was to provide support the comapny’s composition of products
  • Xspray Pharma was on the 28th of September listed on Nasdaq First North Growth Market
  • Change of name from Xspray Microparticles to Xspray Pharma in order to highlight the company’s strategy to focus on its own product development


  • Completion of 41 MSEK directed equity issue
  • Positive results from the clinical trials of an improved as well as generic version of HyNap-Dasa (dasatinib)
  • FDA confirmation that HyNap-Dasa clinical trial programme can be performed on healthy subjects, i.e. no studies on cancer patients will be needed


  • Clinical proof-of-concept (POC) for HyNap-Dasa (dasatinib)
  • Freedom-to-operate (FTO) for HyNap-Dasa confirmed by Swedish and US patent bureaus
  • Sale of Karolinska Developments holding shares to a constorium led by Stiftelsen för Östersjö- och Östeuropastudier (Östersjöstiftelsen) and Recipharm Venture Fund


  • Clinical proof-of-concept (POC) for HyNap-Nilo (nilotinib)


  • Deeper focus on PKI area of study
  • Development of hybrid nanoparticle technology (HyNap)
  • Patent applications on 10 of 18 marketed PKI’s


  • Strategic change of business model from drug delivery to the development of improved anti-cancer drugs, with a patented product portfolio


  • Construction of a GMP-plant for the manufacturing of clinical trial material (CTM) in accordance with GMP legislation which enables CTM deliveries to potential customers

2007 – 2010

  • Cooperation with Roche, Novartis, Lilly and other large and medium-sized pharmaceutical companies in regard to evaluation of the technology in their development programmes


  • Construction of a pilot plant which enables a tenfold uspalcing of the process from gram to kilogram scale

2004 – 2006

  • Development of the RightSize-technology, including basic methodology and design of mouth piece


  • Xspray Microparticles is founded. The company is based on the development of a new mouth piece which enables upscaling of super critical liquid technology (SCF) that could in the past only be used in non-commercial scale
  • Karolinska Development, majority stakeholder in Xspray, finances the technology development of Xspray