(Note: A public offering: Our common shares are traded on Nasdaq Stockholm under the symbol “CALTX.” The closing price of our shares on Nasdaq Stockholm on May 28, 2020 was SEK 94.00 per share, which equals a price of $19.77 per ADS based on the SEK/U.S. dollar exchange rate of SEK 9.51 to $1.00 as of May 28, 2020 and an ADS-to-share ratio of 1:2.)

We are a clinical-stage biopharmaceutical company focused on identifying, developing and commercializing novel treatments in orphan indications, with an initial focus on renal and hepatic diseases with significant unmet medical needs. Our lead product candidate, Nefecon, is a proprietary, novel oral formulation of budesonide, an established, highly potent local immunosuppressant, for the treatment of the autoimmune renal disease IgA nephropathy, or IgAN, for which there is a high unmet medical need and there are no approved treatments.