Increased number of shares and votes in Karolinska Development
STOCKHOLM - April 29, 2011. The number of shares and the number of votes in
Karolinska Development have changed as a result of a new issue of 15,200,000
series B shares in total, in connection with Karolinska Development's listing on
NASDAQ OMX Stockholm.
Today, the last trading day of the month, there are in total 48,531,417 shares,
divided into 1,503,098 series A shares and 47,028,319Â series B shares, and
62,059,299 votes in Karolinska Development.
The above information has been made public in accordance with the Financial
Instruments Trading Act. The information was submitted for publication at 08.00
am (CET) on April 29, 2011.
For further information, please contact:
TorbjÃ¸rn Bjerke, CEO
Phone: +46 727-44 41 23, e-mail: firstname.lastname@example.org
Benjamin Nordin, IR Director
Phone +46 730-93 60 80, e-mail: email@example.com
TO THE EDITORS
About Karolinska Development
Karolinska Development aims to create value for investors, patients, and
researchers by developing innovations from world class research into products
that can be sold or out-licensed with high returns. The business model is to:
SELECT the most commercially attractive medical innovations; DEVELOP these to
the stage where the greatest return on investment can be achieved; and
COMMERCIALIZE the innovations through the sale of companies or out licensing of
products. This will result in upfront payments, milestone payments and
An exclusive deal flow agreement with Karolinska Institutet Innovations AB,
along with other cooperation agreements with leading Nordic universities,
delivers a continuous flow of innovations.
Karolinska Development's flexible exit strategy enables projects to be exited at
whichever stage of development offers the greatest return on investment, usually
after Phase II clinical trials have indicated the desired pharmaceutical effect
on patients - this being an important value enhancing step.
Today, the portfolio consists of over 40 projects at various stages, from
concept development to Phase II clinical trials, twelve projects are in clinical
trials with six in Phase II. The portfolio is particularly strong in the areas
of cancer, dermatology, inflammation, cardiovascular disease, women's health and
diseases that affect the central nervous system. www.karolinskadevelopment.com
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Source: Karolinska Development AB (publ) via Thomson Reuters ONE