KDventures writes down PharmNovo holding after capital raise
PharmNovo raised SEK 39 million for phase 2 study of PN6047, and KDventures wrote down its holding to SEK 5 million.
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Life science investment company
kd-ventures.comLast updated
In short: KDventures rebranded from Karolinska Development, completed several capital raises, and reported clinical progress in its core portfolio.
PharmNovo raised SEK 39 million for phase 2 study of PN6047, and KDventures wrote down its holding to SEK 5 million.
The phase 1b/2a study of drug candidate AC01 shows favorable safety and efficacy signals for heart failure patients.
The proceeds will finance the acquisition of Rosetta Capital IV's shares in KDev Investments AB, announced on 17 June 2026.
The write-down reduces book value by 65.5%, or SEK 390.1 million, with no cash flow impact.
An announcement from KDventures AB ( ($SE:KDV.B) ) is now available.
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