News

Sunstone today announced that its Life Science Ventures Fund I has made a non-revocable commitment to sell all shares in Nuevolution AB at a price of SEK 32.5 per share.

Nuevolution has been part of Sunstone’s portfolio since 2007 and Sunstone has played an active role in developing the company to a stage that has motivated Amgen to make a bid for it. Sunstone is the biggest shareholder (20.7 %) and has participated in all financings and has been represented on Nuevolution’s board of directors for more than 10 years. During this period Nuevolution has matured from an intriguing startup to a novel discovery platform company, now impacting how small molecules drugs are being developed in the pharmaceutical industry.

Nasdaq Stockholm AB has today decided to admit the shares of Ascelia Pharma AB (“Ascelia Pharma” or the “Company”) for trading on Nasdaq Stockholm with first day of trading tomorrow, Wednesday 13 March 2019. The shares will be traded under the ticker ACE and ISIN SE0010573113. The offering in Ascelia Pharma AB in connection with the listing on Nasdaq Stockholm was, as previously communicated, significantly oversubscribed. The offering provided Ascelia Pharma with approximately SEK 200 million before deductions for expenses related to the offering.

The offering in Ascelia Pharma AB (“Ascelia Pharma” or the “Company”) in connection with the Initial Public Offering on Nasdaq Stockholm was significantly oversubscribed. The new share issue (the “Offering”) will provide Ascelia Pharma with approximately SEK 200 million before deductions for expenses related to the Offering.