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“For some time, the board and management have explored long-term financing avenues for OncoZenge with three objectives: to secure financial flexibility and a cash runway well beyond the readout of our European phase III trial, to give our current owners an attractive additional investment opportunity, and to open the door for new professional life science investors to support our long-term ambitions.

Today’s solution addresses all three. The transaction is secured through a guarantee commitment. Standing behind that guarantee is a group of long-term life science investors, including Life Science Invest Fund, John Haurum and Erik Selin, together with a life science focused family office, who have entered into put option agreements with the guarantor following a detailed review of our clinical programme and regulatory path. I see their commitment as exceptional validation of both the long-term promise of BupiZenge™ and of the progress the OncoZenge team continues to deliver”

– DANIEL EHRENSTRÅHLE

CHAIRMAN OF THE BOARD

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