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Karolinska Development

ISIN: SE0002190926 | Ticker: KDEV | LEI: 54930011ZA52NKO5W681
Country: Sweden

About Karolinska Development

Company Description

Karolinska Development AB is an investment company focused on identifying medical innovation and investing in the creation and growth of companies developing these assets into differentiated products that will make a difference to patients’ lives and provide an attractive return on investment.

Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.
Karolinska Development has established a portfolio of 10 companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

Year founded

2003

Headquarters

Tomtebodavägen 23a, 17165 Solna – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 890,083,000.00 1,109,275,000.00 1,251,646,000.00
Noncurrent Assets N/A 771,010,000.00 1,012,659,000.00 1,044,222,000.00
Noncurrent Financial Assets At Fair Value Through Profit Or Loss Designated Upon Initial Recognition N/A 770,320,000.00 950,170,000.00 983,995,000.00
Noncurrent Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value N/A 0.00 61,799,000.00 59,537,000.00
Current Assets N/A 119,073,000.00 96,616,000.00 207,424,000.00
Trade And Other Current Receivables N/A 243,000.00 505,000.00 N/A
Trade And Other Current Receivables Due From Related Parties N/A 80,000.00 505,000.00 211,000.00
Current Prepaid Expenses N/A 929,000.00 2,940,000.00 750,000.00
Other Current Receivables N/A 768,000.00 768,000.00 673,000.00
Current Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading N/A 0.00 50,005,000.00 58,742,000.00
Cash and cash equivalents 52,132,000.00 75,869,000.00 42,398,000.00 131,078,000.00
Cash Equivalents N/A N/A 42,398,000.00 131,078,000.00
Equity And Liabilities N/A 890,083,000.00 1,109,275,000.00 1,251,646,000.00
Equity 1,007,754,000.00 800,267,000.00 971,086,000.00 1,241,438,000.00
Issued Capital N/A 1,757,000.00 1,757,000.00 2,701,000.00
Retained Earnings N/A -1,579,863,000.00 -1,409,044,000.00 -1,497,166,000.00
Share Premium N/A 2,378,373,000.00 2,378,373,000.00 2,735,903,000.00
Liabilities N/A 89,816,000.00 138,189,000.00 10,208,000.00
Current Liabilities N/A 89,816,000.00 138,189,000.00 10,208,000.00
Trade And Other Current Payables N/A 617,000.00 1,674,000.00 439,000.00
Accruals Classified As Current N/A 5,525,000.00 7,268,000.00 8,171,000.00
Other Current Financial Liabilities N/A 5,726,000.00 1,756,000.00 191,000.00
Other Current Liabilities N/A 1,373,000.00 2,156,000.00 654,000.00
Current Loans Received And Current Portion Of Noncurrent Loans Received N/A 75,864,000.00 124,603,000.00 0.00
Line item in (sek) 31.12.2019/
01.01.2021
01.01.2020/
01.01.2021
31.12.2020/
01.01.2022
01.01.2021/
01.01.2022
31.12.2021/
01.01.2023
01.01.2022/
01.01.2023
Revenue N/A 2,651,000.00 N/A 2,170,000.00 N/A 2,300,000.00
Revenue From Interest N/A 908,000.00 N/A 6,406,000.00 N/A N/A
Interest Income On Loans And Receivables N/A N/A N/A 6,406,000.00 N/A 1,416,000.00
Wages And Salaries N/A 23,620,000.00 N/A 23,205,000.00 N/A 26,585,000.00
Depreciation And Amortisation Expense N/A 690,000.00 N/A 690,000.00 N/A 690,000.00
Other Expense By Nature N/A 8,466,000.00 N/A 6,887,000.00 N/A 6,798,000.00
Profit Loss From Operating Activities N/A -202,426,000.00 N/A 160,700,000.00 N/A -87,421,000.00
Profit Loss Before Tax N/A -207,487,000.00 N/A 170,819,000.00 N/A -88,122,000.00
Income Tax Expense Continuing Operations N/A 0.00 N/A 0.00 N/A 0.00
Profit (loss) -207,487,000.00 -207,487,000.00 170,819,000.00 170,819,000.00 -88,122,000.00 -88,122,000.00
Line item in (sek) 01.01.2021 01.01.2020 01.01.2022 01.01.2023
Profit (loss) -207,487,000.00 N/A 170,819,000.00 -88,122,000.00
Adjustments For Decrease Increase In Other Operating Receivables 29,988,000.00 N/A -1,461,000.00 416,000.00
Adjustments For Increase Decrease In Other Operating Payables -33,708,000.00 N/A 46,084,000.00 -1,661,000.00
Adjustments For Depreciation And Amortisation Expense 690,000.00 N/A 690,000.00 690,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 172,301,000.00 N/A -189,312,000.00 55,648,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities -45,000.00 N/A 0.00 -206,000.00
Cash Flows From Used In Operating Activities -33,200,000.00 N/A 16,701,000.00 -32,534,000.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 0.00 N/A 50,005,000.00 10,000,000.00
Other Cash Receipts From Sales Of Interests In Joint Ventures Classified As Investing Activities 101,853,000.00 N/A 56,427,000.00 0.00
Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities 39,154,000.00 N/A 52,759,000.00 109,166,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities -5,093,000.00 N/A -3,121,000.00 5,358,000.00
Cash Flows From Used In Investing Activities 57,606,000.00 N/A -49,458,000.00 -113,808,000.00
Proceeds From Issuing Shares N/A N/A 0.00 254,911,000.00
Payments Of Lease Liabilities Classified As Financing Activities 669,000.00 N/A 714,000.00 714,000.00
Cash Flows From Used In Financing Activities -669,000.00 N/A -714,000.00 235,022,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 23,737,000.00 N/A -33,471,000.00 88,680,000.00
Cash and cash equivalents 75,869,000.00 52,132,000.00 42,398,000.00 131,078,000.00

Please note that some sums might not add up.

Filings & Publications

Insider Trades

Date Trading entity / Person Association Trade type Volume
04.05.23 Johan Dighed Other Buy SEK 56,350.00
27.03.23 Johan Dighed Other Buy SEK 89,000.00
17.02.23 Hans Christopher Karl Osvald Perbandt Toll Other Buy SEK 72,100.00
19.12.22 Johan Dighed Other Buy SEK 83,500.00
30.09.22 Johan Dighed Other Buy SEK 72,336.60
26.06.20 Hans Lennart Rudolf Wigzell Other Buy SEK 25,780.04
26.06.20 Hans Lennart Rudolf Wigzell Other Buy SEK 14,350.00
24.06.20 Hans Lennart Rudolf Wigzell Other Buy SEK 26,529.36
24.06.20 Hans Lennart Rudolf Wigzell Other Buy SEK 13,331.15
23.06.20 Hans Lennart Rudolf Wigzell Other Buy SEK 111,562.62

Capital markets information

ISIN

SE0002190926

LEI

54930011ZA52NKO5W681

Sector

Financials

Industry Group

Financial Services

Industry

Capital Markets

Sub-Industry

Asset Management & Custody Banks

Listed Stock Exchange

Nasdaq Stockholm

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