OASM Oasmia Pharmaceutical AB

Oasmia appoints Business Advisory Board

Oasmia appoints Business Advisory Board



Oasmia has appointed a Business Advisory Board with the aim of primarily supporting the commercialization of Apealea and evaluating development and market opportunities for the other product candidates.

The members of the Oasmia Business Advisory Board are:

Göran Pettersson, Jacob Kaluski, Hege Hellström, Kerstin Valinder Strinnholm and Mohammed Homman.

Göran Pettersson will act as the Chairman of the Business Advisory Board.

It feels very good to have these two new Advisory Boards in place. It provides additional expertise, experience and network for Oasmia's future development. Moreover, we are entering an important phase with the commersialisation of Apealea next in line where the Business Advisory Board will play an important role”, comments Sven Rohmann, acting CEO of Oasmia.

Biographies

Göran Pettersson is Chairman of the Board of Promore Pharma AB (publ) and Vice Chairman of Mobidiag Sverige AB. He holds several directorships in pharmaceutical and medical technology companies and has held leading positions with Astra Group, KabiVitrum and Pharmacia/Pharmacia & Upjohn (now parts of Pfizer).

Jacob Kaluski has more than 30 years of experience from the pharmaceutical industry focusing on international marketing, drug development and clinical trials. He held several leadership positions within Pharmacia, among others as Vice President and Business Manager for growth hormone.

Hege Hellström has spent over 25 years in sales, marketing and leadership positions within pharmaceuticals. Past leadership positions include President of EMENAR at Sobi and General Manager for Benelux at Genzyme.

Kerstin Valinder Strinnholm is a business advisor within pharmaceuticals and biotechnology. Kerstin has over 30 years of international experience within sales, marketing and business development from senior positions within Astra/AstraZeneca and Nycomed Takeda.

Mohammed Homman is CEO and Founder of Vironova AB (publ). Homman has been the driving force behind the development of the virus analysis technique and VN-180. He has received several national and international awards in recognition of his entrepreneurship and innovative research achievements. In 2003 Homman was chosen as one of the “Leaders of Tomorrow” by the Academy of Achievement, USA.

For further information, please contact:

Urban Ekelund, Investor Relations

This information is inside information that Oasmia Pharmaceutical AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09.00 CEST on July 4, 2019.

About Oasmia Pharmaceutical AB 

Oasmia Pharmaceutical AB develops, manufactures, markets and sells new generations of drugs in the field of human and veterinary oncology. The company’s product development aims to create and manufacture novel nanoparticle formulations and drug-delivery systems based on well-established cytostatics which, in comparison with current alternatives, show improved properties, reduced side-effects, and expanded applications. The company’s product development is based on its proprietary in-house research and company patents. Oasmia is listed on NASDAQ Capital Markets (OASM.US), Frankfurt Stock Exchange (OMAX.GR, ISIN SE0000722365) and NASDAQ Stockholm (OASM.ST).

Attachment

EN
04/07/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Oasmia Pharmaceutical AB

Sean Conroy
  • Sean Conroy

Vivesto - Termination of coverage

Edison Investment Research is terminating coverage on Vivesto (VIVE), Diurnal Group (DNL), Palace Capital (PCA), Primary Health Properties (PHP), Silver One Resources (SVE), Induction Healthcare (INHC) and Axiom European Financial Debt (AXI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

Sean Conroy
  • Sean Conroy

Vivesto - Turnaround strategy beginning to deliver

Vivesto capped off its 18-month strategic turnaround with reduced Q1 losses and a stated focus on its ‘string of pearls’ strategy to build its oncology pipeline through in-licensing and M&A. In March, it successfully completed a rights issue, generating net proceeds of SEK134.6m, extending its runway into 2024. This is sufficient to cover a number of clinical and commercial inflection points and execute its strategy. Key upcoming catalysts include the planned 2022 UK and German launches of Apeal...

Sean Conroy
  • Sean Conroy

Oasmia Pharmaceutical - Delivering on promises

FY21 results highlight delivery on key elements of Oasmia’s ongoing transformation. Notably, ‘rightsizing’ the business and prudent cost control has brought the underlying cash burn rate down to c SEK10m per month in 2021. With the fully secured rights issue expected to raise gross proceeds of c SEK150m, management has guided it can fund operations for 18–24 months. We anticipate material progression can be made across the pipeline during this time, with clinical progress expected from Cantrixil...

Sean Conroy
  • Sean Conroy

Oasmia Pharmaceutical - Rights issues secured and planned for Q122

Oasmia has announced it has secured a preferential, one-for-five rights issue that will raise gross proceeds of c SEK151m and should alleviate near-term funding requirements. The company’s largest shareholder has agreed to subscribe to its allotment (24.8%) and a consortium of external investors has guaranteed the remainder (75.2%), albeit on a 6.5% cash compensation basis. Subscription rights can be traded from 8 to 17 March. Oasmia has also announced plans to change its name to Vivesto; both t...

Sean Conroy
  • Sean Conroy

Oasmia Pharmaceutical - Rights issues secured and planned for Q122

Oasmia has announced it has secured a preferential, one-for-five rights issue that will raise gross proceeds of c SEK151m and should alleviate near-term funding requirements. The company’s largest shareholder has agreed to subscribe to its allotment (24.8%) and a consortium of external investors has guaranteed the remainder (75.2%), albeit on a 6.5% cash compensation basis. Subscription rights can be traded from 8 to 17 March. Oasmia has also announced plans to change its name to Vivesto; both t...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch