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Karolinska Development divests shares in portfolio company OssDsign
Globenewswire· 2025-06-30 08:42
Core Viewpoint - Karolinska Development AB has divested its remaining shares in OssDsign, resulting in a capital injection of approximately SEK 34.5 million, which strengthens the company's liquidity and allows for prioritization of other investments with greater value creation potential [1][2]. Company Overview - Karolinska Development AB is a Nordic life sciences investment company focused on identifying breakthrough medical innovations in the Nordic region, investing in the creation and growth of companies that advance these innovations into commercial products [4][5]. - The company has access to world-class medical innovations from the Karolinska Institutet and other leading universities and research institutes in the Nordic region, aiming to build companies around leading scientists supported by experienced management teams [5][6]. Investment Strategy - The divestment from OssDsign reflects a strategic decision to realize profits and enhance the financial position of Karolinska Development, enabling the company to invest in other holdings with higher potential returns [2][3]. - Following the divestment, Karolinska Development has no direct ownership in OssDsign but retains indirect ownership through the KCIF Co-Investment Fund [3]. Portfolio and Management - Karolinska Development has a portfolio of eleven companies targeting innovative treatments for life-threatening or serious debilitating diseases, led by an entrepreneurial team of investment professionals with a proven track record [6].
Karolinska Development portfolio company OssDsign will change CEO during second half of 2025
Globenewswire· 2025-04-30 10:40
Group 1 - Karolinska Development's portfolio company OssDsign is undergoing a leadership change to enhance its focus on the US market [1][2] - OssDsign has transitioned to a pure-play orthobiologics company since launching OssDsign Catalyst in the US in August 2021, experiencing high double-digit growth [2] - Current CEO Morten Henneveld will ensure a smooth transition to new leadership and will leave his position by year-end or upon the appointment of a new CEO [3] Group 2 - Karolinska Development holds a 3% ownership stake in OssDsign [3] - The company focuses on identifying and investing in breakthrough medical innovations in the Nordic region, aiming to create and grow companies that develop these innovations into commercial products [4][5] - Karolinska Development has a portfolio of eleven companies targeting innovative treatments for serious diseases, supported by experienced management teams and a strong global network [6]