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BioArctic and Mesenkia enter oncology research collaboration

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BioArctic (Nasdaq Stockholm: BIOA B) and Mesenkia Therapeutics have signed a research collaboration agreement to develop a novel antibody-based approach for glioblastoma, a highly aggressive brain cancer where delivery of large molecules to the brain is difficult.

The project will combine BioArctic's BrainTransporter™ technology with a Mesenkia KITAIbodies®-derived antibody targeting HVEM on glioblastoma tumor and tumor stem cells. BioArctic will generate the drug candidate, after which both parties plan preclinical studies to validate the concept and then decide on further steps. The collaboration is described as expanding BioArctic's BrainTransporter pipeline into oncology and leveraging Mesenkia's glioblastoma-focused antibody expertise.

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Positive

  • Signed research collaboration to combine BrainTransporter with Mesenkia’s KITAIbodies for glioblastoma
  • Pipeline expansion as BrainTransporter platform moves beyond neurodegenerative diseases into oncology

Negative

  • None.

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STOCKHOLM, August 19, 2026 /PRNewswire/ -- BioArctic AB (publ) (NASDAQ Stockholm: BIOA B) and Mesenkia Therapeutics announced today that the companies have signed a research collaboration agreement to explore a novel antibody-based approach for glioblastoma, one of the most aggressive and treatment-resistant forms of brain cancer, where effective delivery of large molecules to the brain remains a major challenge.

The collaboration combines BioArctic's proprietary BrainTransporter™ technology with an antibody, developed with Mesenkia's KITAIbodies® platform. The antibody targets HVEM[1], a protein found on the surface of certain glioblastoma tumor cells, including tumor stem cells. By addressing these cells, which are thought to contribute to tumor recurrence and treatment resistance, the project aims to unlock new treatment possibilities for patients with a very high unmet medical need.

Under the agreement, BioArctic will be responsible for generating a novel drug candidate by combining its BrainTransporter technology with Mesenkia's antibody. BioArctic and Mesenkia thereafter plan to perform preclinical studies to validate the concept and, based on the results of these studies, decide on next steps.

This research collaboration represents an important step in expanding BioArctic's BrainTransporter pipeline into oncology and further validates the platform's potential beyond neurodegenerative diseases. It also builds on BioArctic's core expertise in development and delivery of pharmaceuticals to the brain.

"We are excited to broaden our research and take a first step into oncology through this collaboration," said Gunilla Osswald, Chief Executive Officer of BioArctic. "Glioblastoma remains one of the most challenging cancers to treat, with limited therapeutic options and poor prognosis for those affected. By combining our BrainTransporter technology with Mesenkia's innovative antibody approach, we aim to target key disease-driving mechanisms to develop new ways to treat this devastating disease."

"This agreement marks an important step for Mesenkia and creates clear opportunities to explore a new treatment strategy for patients with glioblastoma together with BioArctic. The need for new treatments is substantial, particularly given the challenge of delivering medicines to tumor cells throughout the brain. By combining Mesenkia's antibody expertise with BioArctic's BrainTransporter technology, we can address one of the disease's key barriers in a new way. We look forward to advancing the concept together with BioArctic, with the long-term goal of enabling better treatment options for patients and their loved ones," said Moa Fransson, Chief Executive Officer of Mesenkia.

The information was released for public disclosure, through the agency of the contact person below, on August 19, 2026, at 11:15 am CET.

For further information, please contact: 
BioArctic
Oskar Bosson, Chief Investor Relations & Communications Officer
E-mail: oskar.bosson@bioarctic.com
Telephone: +46 704 107 180

Jenny Ljunggren, External Communications and Investor Relations Manager
E-mail: jenny.ljunggren@bioarctic.com
Telephone: +46 76 013 86 08

Mesenkia
Moa Fransson, CEO
E-mail: moa.fransson@mesenkia.com
Telephone: +46 072 211 71 61

About Mesenkia Therapeutics AB

Mesenkia is a pre-clinical company developing the next-generation biological drug candidates designed to treat the aggressive brain tumor glioblastoma. Mesenkia is founded on world leading science from Uppsala University and the University of Tokyo originating from decades of collaborations dedicated to finding the root cause for tumor pathogenesis. The company's lead program targets glioblastoma, while their KITAIbodies® are designed to enable future therapeutics across multiple indications and modalities. Through strategic collaborations with pharmaceutical companies, Mesenkia aims to accelerate drug development and create value for patients worldwide.

About BioArctic AB
BioArctic AB (publ) is a Swedish research-based biopharma company focusing on innovative treatments that can delay or stop the progression of neurodegenerative diseases. The company invented Leqembi® (lecanemab) – the world's first drug proven to slow the progression of the disease and reduce cognitive impairment in early Alzheimer's disease. Leqembi has been developed together with BioArctic's partner Eisai, who are responsible for regulatory interactions and commercialization globally. In addition to Leqembi, BioArctic has a broad research portfolio with antibodies against Parkinson's disease and ALS as well as additional projects against Alzheimer's disease. Several of the projects utilize the company's proprietary BrainTransporter™ technology, which has the potential to actively transport antibodies across the blood-brain barrier to enhance the efficacy of the treatment. BioArctic's B share (BIOA B) is listed on Nasdaq Stockholm Large Cap. For further information, please visit www.bioarctic.com.

[1] Herpes virus entry mediator, a protein that is part of the tumor necrosis factor (TNF) receptor superfamily.

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BioArctic and Mesenkia enter oncology research collaboration

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SOURCE BioArctic

FAQ

What is the new BioArctic (BIOA B) and Mesenkia oncology collaboration announced on August 19, 2026?

BioArctic and Mesenkia signed a research collaboration to develop an antibody-based treatment concept for glioblastoma. According to BioArctic, the project combines BrainTransporter™ technology with a Mesenkia KITAIbodies® antibody to improve brain delivery and target HVEM-expressing tumor cells, including tumor stem cells.

How will BioArctic’s BrainTransporter technology be used in the Mesenkia glioblastoma project?

The collaboration uses BrainTransporter™ to help deliver Mesenkia’s antibody into the brain to reach glioblastoma cells. According to BioArctic, it will generate a novel drug candidate by fusing BrainTransporter with Mesenkia’s HVEM-targeting antibody, aiming to improve treatment of this hard-to-treat cancer.

What role does Mesenkia Therapeutics play in the BioArctic (BIOA B) glioblastoma collaboration?

Mesenkia provides the antibody developed with its KITAIbodies® platform, targeting HVEM on glioblastoma cells. According to BioArctic, the companies will jointly conduct preclinical studies after BioArctic has created the combined BrainTransporter–antibody drug candidate, then decide on subsequent development steps.

What stage of development is the BioArctic and Mesenkia glioblastoma program in?

The program is at preclinical research stage under a new collaboration agreement. According to BioArctic, it will first generate a novel BrainTransporter–antibody drug candidate and then perform preclinical studies to validate the concept before determining potential next development steps.

Why is HVEM an important target in the BioArctic–Mesenkia glioblastoma research?

HVEM is a protein found on certain glioblastoma tumor cells, including tumor stem cells. According to BioArctic, targeting HVEM-positive cells may address mechanisms linked to tumor recurrence and treatment resistance, potentially opening new therapeutic possibilities in this high unmet-need cancer.

How does the Mesenkia collaboration affect BioArctic’s BrainTransporter pipeline and strategy?

The collaboration extends BrainTransporter™ use from neurodegenerative diseases into oncology. According to BioArctic, this represents an important step in broadening its pipeline and further validates BrainTransporter’s potential to transport antibodies across the blood–brain barrier for brain disorders, including glioblastoma.