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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Karolinska Development AB    KDEV   SE0002190926

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Karolinska Development : Developments's portfolio company Modus Therapeutics recruits new Chief Medical Officer

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09/14/2017 | 08:02am CET

STOCKHOLM - 14 September 2017. Karolinska Development's portfolio company Modus Therapeutics AB, which's drug candidate sevuparin is currently in a phase II study for treatment of patients with sickle cell disease, has recruited Professor Thomas Knittel as its new Chief Medical Officer (CMO).

Thomas Knittel (b. 1962), M.D., Ph.D. from University of Mainz with a speciality in internal medicine and medical gastroenterology and MBA from Kellogg School of Management/WHU, has more than 10 years of clinical experience from internal medicine and over 15 years of experience from research and development, medical affairs and marketing within the pharmaceutical industry.

Thomas Knittel formally took up his appointment at Modus Therapeutics in mid-August2017.

Further information and comments from Modus Therapeutics' CEO Ellen K Donnelly and Thomas Knittel are available at the link below: http://www.modustx.com/media/press-release/?y=2017

For further information, please contact:

Viktor Drvota, CEO, Karolinska Development AB
Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

TO THE EDITORS

About Karolinska Development AB
Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients' lives while providing an attractive return on investment to shareholders.

Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

Karolinska Development has established a portfolio of nine companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

For more information, please visit www.karolinskadevelopment.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Karolinska Development AB (publ) via Globenewswire

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Financials ( SEK)
Sales 2017 19,2 M
EBIT 2017 89,0 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 19,3x
Capi. / Sales 2018 144x
Capitalization 371 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 9,40  SEK
Spread / Average Target 59%
Managers
NameTitle
Viktor Drvota Chief Executive & Investment Officer
Niclas Adler Chairman
Fredrik Järrsten Chief Financial Officer
Vladimir Valeryevich Artamonov Independent Director
Henrijette Richter Independent Director
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