Karolinska Development expands its life science portfolio with BioChromix Pharma

Published: 15-Jan-2010
Finance

Karolinska Development has taken a 28% share in a new company set up with BioChromix, of Solna, Sweden that will develop a novel Alzheimer's treatment. The company, BioChromix Pharma, may also include Parkinson\'s disease and other neurodegenerative disorders in the future.


Karolinska Development has taken a 28% share in a new company set up with BioChromix, of Solna, Sweden that will develop a novel Alzheimer's treatment. The company, BioChromix Pharma, may also include Parkinson's disease and other neurodegenerative disorders in the future.

"We have a clear goal to bring our lead product candidates for Alzheimer's disease to the market," said Peter Asberg, ceo of BioChromix Pharma. "Being part of the Karolinska Development portfolio will provide direct access to a broad network of key competencies and resources in the pharmaceutical industry which will be of great importance for us in order to succeed."

Karolinska Development, based in Stockholm, manages a portfolio of around 40 start-up companies in the life sciences industry.

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