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Founded Year

2018

Stage

Series A | Alive

Total Raised

$4.44M

Last Raised

$3.82M | 1 yr ago

About Alex Therapeutics

Alex Therapeutics is a digital therapeutics (DTx) company that designs and develops Software-as-a-Medical-Devices (SaMDs). With the "Alex DTx Platform" and expertise in artificial intelligence and evidence-based psychology, Alex Therapeutics is positioned to deliver reliable DTx products. The company was founded in 2018 and is based in Stockholm, Sweden.

Headquarters Location

Birger Jarlsgatan 57C

Stockholm, 113 56,

Sweden

+46 70-822 11 57

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ESPs containing Alex Therapeutics

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Digital Therapeutics & Wellness Tech

The digital therapeutics — anxiety & depression market offers non-drug alternatives to traditional medication and psychotherapy for mental health challenges. These digital therapies are supported by peer-reviewed research and randomized controlled trials, providing accessible, cost-effective treatment options without harmful side effects. This market includes a range of digital solutions such as m…

Alex Therapeutics named as Outperformer among 9 other companies, including Koa Health, WonderLab, and Click Therapeutics.

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Research containing Alex Therapeutics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Alex Therapeutics in 3 CB Insights research briefs, most recently on Sep 13, 2023.

Expert Collections containing Alex Therapeutics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Alex Therapeutics is included in 3 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

10,944 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

B

Beauty & Personal Care

858 items

These startups aim to provide health treatments, diagnosis tools, and products that do not require a prescription or connection with a health professional to enhance personal wellbeing. This includes supplements, women's health maintenance, OTC medicines, and more.

D

Digital Health

10,563 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Latest Alex Therapeutics News

Alex Therapeutics presents results from digital therapeutic pilot study showing nearly 50% reduction in anxiety

Oct 13, 2022

News provided by Share this article Share this article The Digital Therapeutic (DTx) was developed by DTx leader Alex Therapeutics using the proprietary "Alex DTx Platform"[1] in partnership with Vicore Pharma In the study patients with Idiopathic Pulmonary Fibrosis (IPF) and anxiety were given the DTx Safety, functionality, and user experience were all studied and found positive Average reduction in anxiety, GAD-7*, was 4.2 points Pivotal phase of study is to be launched in Q4, 2022 STOCKHOLM, Oct. 13, 2022 /PRNewswire/ -- Alex Therapeutics is a DTx Software-as-a-medical-device (SaMD) manufacturer developing and licensing digital app-based therapies for multiple indications. Today they announce positive results from the pilot phase of a clinical study[2] for one of their digital therapies treating anxiety in patients with the rare disease IPF. Using GAD-7, anxiety symptoms were shown to have been reduced by an average of 4.2 points, a 49% reduction. The Pilot study was a 4-week, single-arm, decentralized, open-label clinical investigation in 10 patients with self-reported anxiety related to idiopathic pulmonary fibrosis (IPF). The primary objective of the study was to test the functionality, user experience, and safety of the DTx, which were all found to be positive. Additionally, the trial provided encouraging early indications of efficacy. The patient-reported Generalized Anxiety Disorder (GAD-7*) results showed an average score reduction of 4.2. A reduction in the GAD-7 score of  ≥2 points is regarded as clinically meaningful. These results, together with the safety, functionality, and user experience indications suggest that the DTx could serve as a reliable resource for addressing the psychological impact of living with IPF. "We're very pleased with these early efficacy results for one of our anxiety Digital Therapeutics'. Even though the patient population is small it's a positive indication heading into the next phase of the clinical trial. Digital Therapeutics have tremendous potential for treating depressive and anxiety symptoms in somatic diseases and we look forward to continuing our work in the space." says John Drakenberg, CEO & co-founder of Alex Therapeutics. The full DTx, Almee™, to which patients in this pilot were given limited access, has been developed by Alex Therapeutics in collaboration with Vicore Pharma, an innovative clinical-stage pharmaceutical company developing innovative medicines for severe lung disorders such as idiopathic pulmonary fibrosis (IPF). Vicore Pharma will have an exclusive license to commercialize the Almee™  DTx, starting in the US. "We're pleased with these results and working with Alex; co-collaboration on a DTx is complex but it has been a successful partnership. We look forward to the pivotal phase and being one step closer to providing another resource for people with PF. " said Jessica Shull, Head of Digital Therapeutics at Vicore. The pivotal phase of the clinical study will be initiated during Q4 of 2022. The full DTx, Almee™, will then undergo a US-based 9-week, randomized, controlled, parallel-group decentralized clinical investigation that will include 250 patients with all forms of pulmonary fibrosis (PF). Alex announced strategic commercial partnership with Pfizer earlier in 2022 Earlier in 2022 Alex Therapeutics announced a strategic commercial partnership with world-leading pharmaceutical company Pfizer. The companies are collaborating to provide evidence-based, clinically validated digital therapeutics to patients, starting in Germany. About Almee™ Almee™ is a Digital Therapeutic (DTx) developed by Alex Therapeutics in collaboration with Vicore Pharma. DTx products are medical devices subject to national regulations requiring clinical evidence. Almee™ is a digital Cognitive Behavioural Therapy, based on traditional CBT methodologies, specifically conceived and designed for the Pulmonary Fibrosis community. About Alex Therapeutics Alex Therapeutics is a digital therapeutics (DTx) company that partners with pharmaceutical companies to create and license digital therapies. With the proven "Alex DTx Platform", expertise in patient-centric design, and evidence-based psychology, Alex Therapeutics is uniquely positioned to deliver safe and effective DTx Software-as-a-medical-devices (SaMDs) to the global market. The company has treated tens of thousands of patients, has clinically validated products, as well as overwhelmingly positive patient and partner testimonials. For more information, visit www.alextherapeutics.com  or follow us on LinkedIn . For further information, please contact: Alex Therapeutics Gergana Almquist, Ph.D., Global Partnership Manager About Vicore Pharma Holding AB (publ) Vicore is an innovative Swedish clinical-stage pharmaceutical company dedicated to creating life-changing treatments in diseases there the Angiotensin II type 2 receptor (AT2R) has a central role for the disease pathology. The company currently has four development programs, VP01, VP02, VP03, and VP04. VP01 aims to develop the substance C21 for the treatment of idiopathic pulmonary fibrosis (IPF) and pulmonary artery hypertension (PAH). VP02 is a new formulation and delivery route of thalidomide and focuses on the underlying disease and the severe cough associated with IPF. The VP03 program develops new AT2 receptor agonists. VP04 develops a clinically validated digital therapeutic for PF patients. The company's shares (VICO) are listed on Nasdaq Stockholm's main market. For more information, see   www.vicorepharma.com . *About GAD 7 GAD-7 is a self-administered patient questionnaire used as a screening tool and severity measure for generalised anxiety disorder (GAD). Spitzer RL, Kroenke K, Williams JB, et al; A brief measure for assessing generalized anxiety disorder: the GAD-7. Arch Intern Med. 2006 May 22;166(10):1092-7.

Alex Therapeutics Frequently Asked Questions (FAQ)

  • When was Alex Therapeutics founded?

    Alex Therapeutics was founded in 2018.

  • Where is Alex Therapeutics's headquarters?

    Alex Therapeutics's headquarters is located at Birger Jarlsgatan 57C, Stockholm.

  • What is Alex Therapeutics's latest funding round?

    Alex Therapeutics's latest funding round is Series A.

  • How much did Alex Therapeutics raise?

    Alex Therapeutics raised a total of $4.44M.

  • Who are the investors of Alex Therapeutics?

    Investors of Alex Therapeutics include Sweet Studio, Hadean Ventures, Bonit Capital and Scale Capital.

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