Diagonal Bio AB (publ.) (“Diagonal Bio” or “the Company”) is pleased to announce that the Board of Directors has appointed Karin Wehlin as Chief Executive Officer (CEO) of Diagonal Bio. Karin Wehlin is currently Diagonal Bio’s interim CEO.
Notice to attend the extraordinary general meeting of Diagonal Bio AB
Regulatory
Shareholders in Diagonal Bio AB, 559248-8984, are hereby invited to attend an extraordinary general meeting on Tuesday, 2nd of April, 2024, at 13:00 CET at The Spark, conference room 10, Medicon Village, Scheeletorget 1 Lund.
The Board of Directors decides on a preferential rights issue of units in order to finance future development
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 Board of Directors of Diagonal Bio AB (“Diagonal Bio” or the “Company”) has today, on February 28, 2024, resolved to carry out an issue of units (the “Rights Issue”) consisting of shares and free warrants of series TO 1 (“TO 1”), with preferential right for the Company’s existing shareholders. The decision is subject to approval at the Extraordinary General Meeting scheduled to be held on April 2, 2024. The Rights Issue is conditional upon the limits of the share capital and number of shares in the Articles of Association being amended and the reduction of the share capital being resolved in accordance with the Board of Directors’ proposal to the Extraordinary General Meeting. The issue volume initially amounts to a maximum of approximately SEK 32 million before transaction related costs. Upon full subscription of the Rights Issue and full utilization of issued TO 1 at the highest subscription price, the Company will receive an additional approximately SEK 9.5 million before transaction related costs. The decision on the Rights Issue is secured in writing by members of the Board, management, certain existing owners and external investors to a total of approximately 56.4 percent (corresponding to approximately SEK 18 million) through pre-subscription and guarantee commitments. To finance the operations until the proceeds from the Rights Issue are received by the Company, Diagonal Bio has also raised a bridge loan of approximately SEK 4 million. A prospectus, containing a detailed description of the offer and operations, will be published no later than when the subscription period for the Rights Issue begins. Notice of the Extraordinary General Meeting will be published in a separate press release.
“Looking back at 2023, I am proud to point out the significant steps we have made in our development, including the key achievements such as the CE-marking of LAMPlify® according to Low Voltage Directive (LVD) 2006/95/ EC. A highlight of our fourth quarter was the commencement of LAMPlify® commercialisation.” says, Karin Wehlin, interim CEO Diagonal Bio AB.
Diagonal Bio AB has signed a distribution agreement with Techtum Lab AB
Regulatory
Diagonal Bio AB (publ) (“Diagonal Bio” or “the Company”) has signed a distribution agreement with Techtum Lab AB (“Techtum Lab”). Techtum Lab is granted the rights to distribute Diagonal Bio’s analytical instrument, LAMPlify®, in Sweden until May 30, 2025, with an option for a 12-month renewal. This collaboration was initiated by a first critical milestone in the pilot study which started in November 2023.
We may request cookies to be set on your device. We use cookies to let us know how you interact with us, to enrich your user experience, and to customize your relationship with our website.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.
We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
Other external services
We use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.