Navigation Links
Karolinska Development Closes Fully Subscribed New Share Issue
Date:1/8/2009

STOCKHOLM, January 8 /PRNewswire/ -- Karolinska Development AB (publ) recently closed a fully subscribed new share issue, raising SEK 147 million (USD 19 million). Its major shareholders - Karolinska Institutet Holding AB, Tredje AP-fonden; Ostersjostiftelsen; Nasudden; Foundation Asset Management; and Praktikerinvest - took their share of the new issue, while new investors participated with SEK 50 million. Karolinska Development was advised by EFG Bank AB.

The new issue, combined with current liquidity, secures the investment program of Karolinska Development for a further two years.

"As a life science investment company with a focus on developing pharmaceutical and medical technology products, we have a compelling spread of investments in this area. We currently have nine companies with projects in the clinical phase, facilitating as many exits if results from ongoing studies are positive," says Conny Bogentoft, CEO of Karolinska Development.

Karolinska Development has a highly cost effective business model, and has built one of Europe's largest portfolios of life science research companies. Since its inception five years ago, it has evaluated over 1,000 projects, investing SEK 600 million in a portfolio of 38 companies.

"This is a tremendous achievement and compares favorably to the amounts traditionally invested by pharmaceutical companies with similar objectives in mind. Our ambition is to exit a number of companies in 2009 and 2010 and preparations for a public listing of Karolinska Development in the coming years are ongoing," says Conny Bogentoft.

Since the inception of Karolinska Development in 2003, EFG Bank AB has acted as its advisor on capital raising. Including the most recent issue, a total of SEK 1 billion has been raised.

"In spite of a turbulent financial climate, the new issue has successfully been completed. The management of Karoli
'/>"/>

SOURCE Karolinska Development AB and EFG Bank AB
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Karolinska Development Strengthens its Management Team With the Appointment of Dr Carl Harald Janson
2. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
3. Anesiva to Host Conference Call and Webcast Tomorrow to Discuss Encouraging Development in Zingo(TM) Program
4. Selection of Development Candidate Triggers $0.5 Million Milestone Payment to Ardea Biosciences, Inc.
5. Pharmatek Adds Cytotoxic and High-Potent Drug Development Capabilities to San Diego Laboratory
6. Global Experts Explore Entire Spectrum of Aids Vaccine Development
7. Vical Names Andrew de Guttadauro Vice President, Corporate Development
8. Operon Biotechnologies and DNA2.0 Announce Co-Marketing and Technology Development Partnership
9. SemBioSys updates Apo AI development program
10. MedImmune Licenses Reverse Genetics Technology to Novartis for Use in Influenza Vaccine Development and Production
11. NovaQuest Advances Virtual Development Model With Strategic Investment in TOPIGEN Pharmaceuticals

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/1/2009)...rd Gephardt Brings Together A-List from New Jersey...st and Brightest Forum on Medical Innovation" ,...re/ -- Several of New Jersey,s most prominent lead...technology gathered today at the Liberty Science C...ion in New Jersey, and throughout the United State...
(Date:12/1/2009).../ -- The Burrill Biotech Select Index managed to c... The Select,s gain of 4.5 percent mirrored what wa...with the Dow up 6.5 percent and the NASDAQ up 4.8 ... two trading days of the month despite investor wo... and Dubai,s reported debt woes. ,, Almost all ...
(Date:12/1/2009)...e-FirstCall/ -- Palatin Technologies, Inc. (NYSE A...nd Trademark Office has issued U.S. Patent No. 7,6...cts." The claims in the issued patent cover a fam...eptide receptor A (NPRA), including PL-3994, Palat... natriuretic compounds, including PL-3994, address...
(Date:12/1/2009)... /PRNewswire-Asia-FirstCall/ -- China Sky One Medi...") (Nasdaq: CSKI ), a leading,fully integrated ph...-the-counter drugs in the People,s Republic of Chi...ngaged Guangdong Mediacy Kind Medical Devices,Indu...sive sales agent for the,Company,s AMI Diagnostic ...
Breaking Biology Technology:New Jersey's Best and Brightest Minds Discuss Challenges Facing Medical Innovation, Call for Policies to Preserve U.S. Leadership in Research and Development 2New Jersey's Best and Brightest Minds Discuss Challenges Facing Medical Innovation, Call for Policies to Preserve U.S. Leadership in Research and Development 3New Jersey's Best and Brightest Minds Discuss Challenges Facing Medical Innovation, Call for Policies to Preserve U.S. Leadership in Research and Development 4New Jersey's Best and Brightest Minds Discuss Challenges Facing Medical Innovation, Call for Policies to Preserve U.S. Leadership in Research and Development 5Biotech Gets Back on Track in November 2Biotech Gets Back on Track in November 3Biotech Gets Back on Track in November 4Palatin Technologies, Inc. Issued U.S. Patent for Heart Failure Drug Candidate 2Palatin Technologies, Inc. Issued U.S. Patent for Heart Failure Drug Candidate 3China Sky One Medical, Inc. Signs Distribution Agreement with MDK for the Sale of Two Diagnostic Kits in Southeast Asia 2China Sky One Medical, Inc. Signs Distribution Agreement with MDK for the Sale of Two Diagnostic Kits in Southeast Asia 3
... , , , , , , , Mutat... cancer, for,example of the colon, pancreas, liv...e is a familial melanoma gene. Routine PCR and DNA...oint mutation is present,in patient tissue sampl...rgeries can be utilized, as well as archived paraf...
... , , , , , , , This ...as improved its,ability to analyze the quality o...lent 2100 bioanalyzer. The Eukaryote Total RNA Nan...o examine the 28S/18S ratio in the,total RNA as ...A Smear,Nano assay is used to confirm that a hig...
... , , , , , , , Antib...h tools,(for example protein arrays) or as bioph...essful production of antibodies requires precise t...eria include: protein identification,quantitati...lent,s,2100 bioanalyzer, the first commercial la...
Other Biology Technology:Mutation detection for the,K- rasand P16 genes 2Mutation detection for the,K- rasand P16 genes 3Mutation detection for the,K- rasand P16 genes 4Mutation detection for the,K- rasand P16 genes 5Mutation detection for the,K- rasand P16 genes 6Advancing the quality control methodology,to assess isolated total RNA,and generated fragmented cRNA 2Advancing the quality control methodology,to assess isolated total RNA,and generated fragmented cRNA 3Advancing the quality control methodology,to assess isolated total RNA,and generated fragmented cRNA 4Advancing the quality control methodology,to assess isolated total RNA,and generated fragmented cRNA 5Advancing the quality control methodology,to assess isolated total RNA,and generated fragmented cRNA 6Quality control of antibodies using the,2100 bioanalyzer and the Protein 200,Plus assay 2Quality control of antibodies using the,2100 bioanalyzer and the Protein 200,Plus assay 3
(Date:12/1/2009)...nology has been awarded a U.S. Air Force Center of...rvesting and adaptive materials, and to develop to...e modern warfighter. , The $10.5 million Center...Nanostructures and Improved Cognition (BIONIC) cen...Sandhage, professors in Georgia Tech,s School of M...
(Date:12/1/2009)...m the United States, the other from Canada, put th...lf pack, on remote Ellesmere Island, only 600 mile... out what these "North Pole wolves" do in the long... of the world., "We first encountered 9-year-old... U.S. Geological Survey (USGS) wolf researcher who...
(Date:12/1/2009)...RNewswire/ -- iQor, a global provider of business ...n the 2009 InfoWorld 100 Awards Top 100 IT proje...eQ21. This was the first submission for iQor. ,...tigious list of companies," said Vikas Kapoor, pre...forming the way we do business, allowing us to wor...
Breaking Biology News(10 mins):Air Force Center of Excellence awarded in nanostructures and improved cognition 2Air Force Center of Excellence awarded in nanostructures and improved cognition 3Air Force Center of Excellence awarded in nanostructures and improved cognition 4North Pole wolf emails locations to researchers 2North Pole wolf emails locations to researchers 3iQor Named to InfoWorld 100 List of Top IT Projects of 2009 2Family Friends Influence Breast Cancer Decisions 56172 1Family Friends Influence Breast Cancer Decisions 56172 2Americas No 1 Pharmacy Names Great Health as Its Exclusive Health and Wellness Magazine 56168 1Saddle Ranch Productions Announces New Releases 56165 1Saddle Ranch Productions Announces New Releases 56165 2
...ng a new genomic strategy that has the power to su...th common variants that contribute to complex dise...scientists from Munich, Germany, and the Framingha... may predispose some people to abnormal heart rhyt... affecting more than 300 thousand Americans each y...
...are frog that lives in rushing streams and waterfa...eard above the roar of flowing water by communicat...n the journal Nature. Attributes that enable the f...resence of an ear canal, which most other frogs do...d novel solution to the problem of communication i...
... the first time, researchers can now peer inside i...ins, but also observe–in real-time–the intricate a...m key players in managing some of the cell,s most ...Pennsylvania School of Medicine who developed the ... logical steps in genomics research. Senior author...
Other Biology News:Whole-genome study at Johns Hopkins reveals a new gene associated with abnormal heart rhythm 2Whole-genome study at Johns Hopkins reveals a new gene associated with abnormal heart rhythm 3Frog’s ear canal may provide insights for understanding human hearing loss 2Frog’s ear canal may provide insights for understanding human hearing loss 3A real time look at interactions between RNA and proteins 2
Death Check III Assay System (Caspase/Cell Viability) from Promega
Plastic feeding tubes, 20ga x 38mm, sterile from Instech Solomon
Bovine Serum from Innovative Research
DAPI/Antifade Solution from CHEMICON
Biology Products: