Investor Relations

Diagonal Bio is a Swedish biotech company that has developed a ground breaking universal technology platform for the quick and accurate detection of genetic markers in genetic material (DNA and RNA).

Background

Diagonal Bio AB is a Swedish medical technology company founded in 2020 with the vision of limiting the spread of infectious diseases by creating a user-friendly, cost-effective diagnostic platform with high accuracy. Based on its patented technology, Diagonal Bio plans to develops a diagnostic systems, PANVIRAL™, that have the potential to fulfill the vision and thereby facilitate the challenge of rapidly and accurately identifying genetic markers for infectious diseases.

Diagonal Bio’s patented technology can also be used for other purposes outside the market segment for in-vitro diagnostics, for example as a general laboratory equipment quick, accurate and cost-effective identification of genetic markers (LAMPlify®).

Diagonal Bio’s patented technology

Diagonal Bio’s patented technology offers the same accuracy as today’s leading diagnostic method, PCR, but is not dependent on complicated logistics or large central laboratories and is therefore significantly faster and more cost-effective. With the help of the Company’s technology, today’s and future infectious diseases can be diagnosed within 10–15 minutes of sampling, in connection with a visit to, for example, a primary care unit.

Diagonal Bio’s platform technology can also be used for other purposes outside the market segment for in-vitro diagnostics, for example as a general laboratory equipment quick, accurate and cost-effective identification of genetic markers (LAMPlify®). This, too, with the same high accuracy as today’s PCR-based techniques, but in a significantly faster, simpler and more cost-effective.

Press Releases

Diagonal Bio announces strategic pilot study with Löberöds Hästklinik

Regulatory

Diagonal Bio AB (publ) (“Diagonal Bio” or “the Company”) is pleased to announce a significant new collaboration with Löberöds Hästklinik, led by renowned sporthorse veterinarian Lisa Lidbeck. The agreement, set to last an initial term of three months, will involve a pilot testing program focused on utilizing Diagonal Bio’s platform technology, LAMPlify®, for the detection of respiratory viral infections in sporthorses.

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Diagonal Bio AB Annual Report 2023

Regulatory

The Board of Directors and CEO of Diagonal Bio AB hereby publish the Annual Report for the fiscal year 2023. The Annual Report is available as an attached file to this release and on Diagonal Bio’s website (www.diagonalbio.com/investors/financial-reports).

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Kallelse till årsstämma i Diagonal Bio AB

Regulatory

Aktieägarna i Diagonal Bio AB (publ), org.nr 559248-8984, (”Bolaget”) kallas härmed till årsstämma tisdagen den 11 juni 2024 kl. 13.00. Stämman hålls på Medicon Village, Scheeletorget 1 i Lund.

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Diagonal Bio AB announces last day of trading in BTU and first day of trading in TO 1

Regulatory

Diagonal Bio AB’s (“Diagonal Bio” or the “Company”) rights issue of units, with a subscription period ending on April 22, 2024, has now been registered at the Swedish Companies Registration Office. The Company hereby announces that the last day of trading in BTU (paid subscribed unit) is 13 May 2024, and the stop day is 15 May 2024. The first day of trading in warrants of series TO 1 is 17 May 2024.

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Diagonal Bio AB announces outcome of rights issue

Regulatory

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS OR ANY OTHER JURISDICTION WHERE THIS PRESS RELEASE IS DISTRIBUTABLE WOULD BE ILLEGAL OR REQUIRE ADDITIONAL ACTIONS THAN SUCH ACTIONS RESULTING FROM SWEDISH LAW. SEE THE “IMPORTANT INFORMATION” SECTION AT THE END OF THIS PRESS RELEASE. The subscription period in Diagonal Bio AB’s (“Diagonal Bio” or “the Company”) rights issue of units ended on the 22nd of April 2024. The rights issue was subscribed to a total of approximately 19.1 percent, including pre-subscription commitments, meaning that guarantee commitments of a total of approximately 37.3 percent were activated to achieve a total subscription rate of 56.4 percent. Diagonal Bio will thus be provided proceeds of approximately SEK 18 million before the deduction of transaction related costs.

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Board

Kerstin Åkesson Jakobsson

Chair of the Board since 2023

On the board since: 2021

Background and Education: Kerstin Åkesson Jakobsson is a civil engineer with over 30 years of experience in marketing and sales, primarily in the Medtech sector, as well as in corporate management and business development. She has served as CEO for development companies such as SpectraCure AB and Ortoma AB, and CEO for Medicon Village Innovation. Jakobsson has also completed board training at EFL and the Board Academy.

Current Engagements: Senior Advisory of Kongsberg Beam Technology AS and CEO and chairman of Krakesson AB. Board member of the Stiftelsen TEM, QueenInvest AB, and OctaQuest AB.

Holdings in the Company:
Kerstin Jakobsson owns 19,045 shares.
Krakesson AB holds 240,516 shares.

Independent in relation to the Company and its management / major shareholders of the Company: Yes / No

Karin Wehlin

Board Member

On the board since: 2023

Background and Education: Karin Wehlin has an Executive MBA degree from Lunds University and educated at INSEAD in Strategy, Innovation, and Leadership. Karin has over 25 years of experience in senior positions within the Life Science sector. She has served as CEO of Respiratorius AB, LU Food Science AB, and BoMill AB, as well as a Manager in Corporate Finance. Karin is also the founder of EQL Pharma AB, where she was the executive Chairman of the board for 10 years.

Current Engagements: Chair of the Board at Duearity AB and Respiratorius AB.

Holdings in the Company:
0 shares

Independent in relation to the Company and its management / major shareholders of the Company: No / Yes

Edvard Hall

Board Member

On the board since: 2021

Background and Education: Edvard Hall holds degrees in economics and law and is an entrepreneur with extensive experience in building and managing companies within the sustainability sector. Hall also has a master’s degree in political economy from the London School of Economics.

Current Engagements: CEO of Bioextrax AB (publ), Chairman of the Board for ProLevi Bio AB and Könvyes Invest AB, and Board Member of Parlametric AB.

Holdings in the Company: 358,000 shares and private capital invested in the Company.

Independent in relation to the Company and its management / major shareholders of the Company: Yes / Yes

Kushagr Punyani

Board Member

On the board since: 2020

Background and Education: Kushagr Punyani is educated in microfluidics and biosensors. Punyani has co-founded several startups in the tech industry alongside his role as Chief Scientific Officer (CSO) at Spermosens AB, a company specializing in diagnostic equipment and products for male fertility diagnostics and treatment.

Current Engagements: Board member at Spermosens AB, Prolevi Bio AB and Nested Bio AB.

Holdings in the Company:
Kushagr Punyani owns 1,876,000 shares and has private capital invested in the Company.
Nested Bio AB holds 110,292 shares.

Independent in relation to the Company and its management / major shareholders of the Company: Yes / No

Revisor

Mazars, Revision

Scheelevägen 17
223 63 Lund
Sweden

Executive Management

Karin Wehlin

CEO since November 2023
Board Member since 2023

Learn more about her background and other engagements above.

Per Heander

CFO since 2021

Background and Education: Per Heander holds a degree in Business Administration from Lund University and has 20 years of experience as an Investment Manager in venture capital, with extensive experience in developing young growth companies and serving as a board member. Heander has served as CFO for various companies including Invent Medic, Bomill, and Benchtell AB. He also brings 10 years of experience from different positions within SEB.

Current Engagements: Board member at Gand AB, board member and CEO of Treeridge AB, and deputy board member of Fyra X Invest AB.

Holdings in the Company:
Per Heander owns 104,755 shares, of which 47,615 are through capital insurance.
Treeridge AB holds 473,677 shares.

Contact us

Karin Wehlin
CEO, Diagonal Bio
Medicon Village, Lund
Phone: +46 770 305 24 88
kw@diagonalbio.com

Certified advisor

Svensk Kapitalmarknadsgranskning AB
www.skmg.se

Phone: +46 11 32 30 732
E-mail: ca@skmg.se

Issuer

Nordic Issuing AB
Stortorget 3
211 22 Malmö