Karolinska Development Enhances Liquidity with OssDsign Share Sale

Karolinska Development Strengthens Liquidity Through Strategic Sale

In a significant move aimed at enhancing liquidity, Karolinska Development AB has divested 4.6 million shares of its portfolio company OssDsign. This strategic decision leaves Karolinska with nearly 5 million shares, demonstrating its continued commitment to fostering innovation in the life sciences sector.

Details of the Share Divestment

The share divestment is being executed in two phases. The first phase involved a direct sale of 4.4 million shares to Linc AB, resulting in Linc exceeding 10 percent of voting rights in OssDsign. An additional 200,000 shares are planned for sale, pending approval from the Inspectorate for Strategic Products under relevant foreign investment regulations. The complete transaction is expected to infuse approximately SEK 40 million into Karolinska Development.

Karolinska Development's Ongoing Commitment to OssDsign

For years, Karolinska Development has been a dedicated supporter of OssDsign. The company played a vital role in OssDsign's listing on the Nasdaq First North Growth Market back in 2019. Following the recent divestment, Karolinska Development’s stake in OssDsign remains significant, accounting for around 5 percent of the company’s shares.

About Karolinska Development

Karolinska Development AB is a prominent life sciences investment firm with a keen focus on nurturing groundbreaking medical innovations originating from the Nordic region. This investment company is deeply committed to supporting entrepreneurs and management teams who are dedicated to transforming novel assets into commercial products that significantly enhance patient care.

Investment Philosophy

Karolinska Development prioritizes the creation and growth of companies that are on the cutting edge of medical advancements. It aims to establish synergies between world-class scientists and seasoned management teams, coupled with assistance from international investors, thereby maximizing the likelihood of successful innovation and commercial viability.

Portfolio of Companies

The firm currently boasts an impressive portfolio comprising eleven companies, all targeting revolutionary treatments for serious or life-threatening diseases. Each venture is carefully selected to ensure alignment with the overarching goal of enhancing patient outcomes.

The Team Behind the Vision

Guided by a seasoned team of investment professionals with a rich history in company building, Karolinska Development harnesses a robust global network to cultivate innovative solutions in healthcare.

Commitment to Innovation

With access to unparalleled medical innovations through collaborations with prestigious institutions such as the Karolinska Institutet, Karolinska Development continues to be at the forefront of pioneering health solutions that promise impactful returns to shareholders while benefiting patients.

Frequently Asked Questions

What was the reason for Karolinska Development's share divestment?

The divestment was aimed at enhancing liquidity, allowing Karolinska Development to strengthen its financial position.

How many shares did Karolinska Development sell?

Karolinska Development divested a total of 4.6 million shares in OssDsign, with the transaction occurring in two phases.

What is Karolinska Development's stake in OssDsign post-divestment?

After the divestment, Karolinska Development holds approximately 5 million shares in OssDsign, amounting to about 5 percent of the company.

Who is the CEO of Karolinska Development?

The CEO of Karolinska Development AB is Viktor Drvota, who is actively involved in overseeing the company’s investment strategies.

How does Karolinska Development contribute to medical innovation?

Karolinska Development supports emerging medical innovations through strategic investments and collaboration with top-tier scientists and management teams, fostering the development of crucial healthcare solutions.

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