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

Kallelse till extra bolagsstämma i Diagonal Bio AB

Regulatory

Aktieägarna i Diagonal Bio AB, org.nr 559248-8984, kallas härmed till extra bolagsstämma fredagen den 17 januari 2025 kl. 13.00 på Medicon Village, i huvudbyggnaden The Spark, Scheeletorget 1, Lund.

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The Board of Directors of Diagonal Bio AB resolves on a directed issue of units and a rights issue of units to focus on validation of LAMPlify®’s commercial interest

Regulatory

Board of Directors of Diagonal Bio AB (”Diagonal Bio” or the ”Company”) has today resolved on a directed issue of units consisting of shares and consideration free warrants of series TO 2, of initially approximately SEK 1.7 million (the “Directed Issue”), and on a rights issue of units consisting of shares and consideration free warrants of series TO 2, of initially approximately SEK 6.0 million, with preferential rights for the Company’s existing shareholders (the “Rights Issue”, and together with the Directed Issue the “Transaction”). The Transaction is subject to approval by the extraordinary general meeting to be held on 17 January 2025 (the “EGM”). The purpose of the Transaction is to provide funds to focus on validation of LAMPlify®’s commercial interest. The Directed Issue is directed to the Company marketing partner Daniel Redén, through Redén Trotting AB, and the strategic investor Svea Bank AB. The Rights Issue is covered by subscription undertakings from the Board members, the CEO, and other shareholders, of in total approximately SEK 0.4 million, corresponding to approximately 6 percent of the Rights Issue. In addition, Diagonal Bio has received underwriting commitments from the Company’s CEO Karin Wehlin, the Board members and a numbThe er of external investors of a total of SEK approximately 3 million, corresponding to approximately 50 percent of the Rights Issue, which means that the Rights Issue in total is covered by subscription and underwriting commitments of 56 percent. The Board members and CEO Karin Wehlin have entered into customary lock-up agreements corresponding to 100 percent of their respective shareholdings until 31 July 2025. Notice to the EGM will be published through a separate press release. In connection with the Transaction, Diagonal Bio has engaged Navia Corporate Finance AB as the financial advisor. Due to the Transaction, the Company has decided to postpone the release of the Company’s year-end report to 28 March 2025.  

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Diagonal Bio enters into a strategic partnership with Daniel Redén at StallZet to enhance commercialisation plans

Regulatory

Diagonal Bio AB (publ) (“Diagonal Bio” or “the Company”) announces that Daniel Redén, a renowned horse trainer at StallZet, has entered into a partnership with Diagonal Bio and will act as a marketing partner for the Company to enhance the commercialisation plans for the Company’s platform, LAMPlify®️. StallZet, one of Sweden’s leading trotting facilities with over 190 horses, is collaborating with Diagonal Bio in the ongoing pilot test of LAMPlify®️. As a marketing partner to Diagonal Bio, Daniel Redén will play a key role in showcasing the benefits of LAMPlify® and promoting the product. His extensive experience and wide-ranging network within the trotting and equestrian industries, both nationally and internationally, make him a valuable addition to Diagonal Bio’s commercialisation plans.

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Renowned horse race jockey and trainer conducts pilot test of LAMPlify®

Regulatory

Diagonal Bio AB (publ) (“Diagonal Bio” or “the Company”) announces that one of Sweden’s most accomplished horse race trainers, Madeleine Smith, has initiated a six-month pilot test of LAMPlify®.  The pilot test will focus on enhancing equine health and performance through early detection of potential respiratory viruses in horses. The test will be conducted via Madeleine Smith’s horse race training operation M. Smith Galopp.

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Diagonal Bio announces pilot test with LAMPlify® at Kolgjini Stables

Regulatory

Diagonal Bio AB (publ) (“Diagonal Bio” or “the Company”) announces a partnership with Kolgjini Stables (Stall Kolgjini), founded by renowned harness racer Lutfi Kolgjini, to conduct a three-month pilot test. Kolgjini Stables is a Swedish stable known for its expertise in growing horses for both breeding and for top-tier national and international competition. This pilot test starts immediately and aims to evaluate the potential of the LAMPlify® platform to provide rapid and accurate virus detection in horses.

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Revisor

Mazars, Revision

Scheelevägen 17
223 63 Lund
Sweden

Contact us

Karin Wehlin
CEO, Diagonal Bio
Medicon Village, Lund
Phone: +46 (0)70 305 24 88
kw@diagonalbio.com

Certified advisor

Svensk Kapitalmarknadsgranskning AB
www.skmg.se

Phone: +46 (0)8 913 008
E-mail: ca@skmg.se

Issuer

Nordic Issuing AB
Stortorget 3
211 22 Malmö