Karolinska Dev closes new share issue
Stockholm, Sweden-based Karolinska Development recently closed a fully-subscribed new share issue, raising 147.0 million kronor ($18.6 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 50.0 million kronor. 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," said Conny Bogentoft, chief executive of Karolinska Development.
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