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Karolinska Development's portfolio company Promimic evaluates the possibility of a listing on Nasdaq First North Growth Market

STOCKHOLM, SWEDEN 11 June 2021. Karolinska Development AB (Nasdaq Stockholm: KDEV) announces today that its portfolio company Promimic is evaluating the possibility of a listing of the company's share on Nasdaq First North Growth Market in 2022. Promimic’s unique nanotechnology improves the properties of dental and orthopedic implants and the company has initiated commercialization through its own sales force in the US and in collaboration with solid partners. Promimic is a biomaterial company t ....

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Karolinska Development's portfolio company Dilafor presents positive results from a phase 2b study of tafoxiparin

STOCKHOLM, SWEDEN 1 June 2021. Karolinska Development AB (Nasdaq Stockholm: KDEV) announces today that the portfolio company Dilafor has concluded a phase 2b study with its drug candidate tafoxiparin which showed a significant positive impact on cervical ripening in first-time mothers receiving treatment to induce labor. Further and full analysis of data will be done by the company. Market analyses show that a drug that can induce cervical ripening has the potential to reach annual sales in excess of USD 1 billion in the US market alone. Karolinska Development will obtain an external assessment of how the positive study results affect the book value of its holding in Dilafor. About a quarter of all pregnant women are subject to labor induction, however more than half of these experience failed induction. This leads to a prolonged birth process that increases the need for a caesarean section and the risk of complications in both mother and child. Dilafors' double-blind, placebo-con ....

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