Medivir AB held its Extraordinary General Meeting on July 20 in Huddinge, where shareholders approved a directed issue of ordinary shares to Hallberg Management AB. The meeting followed a previous Board of Directors' resolution from June 17, which outlined a directed share issue to Swedish and international institutional investors, divided into two tranches.
According to the company, "The directed share issue was divided into two tranches, where Tranche 2 pertained to a resolution on a directed issue of a maximum of 6,097,560 new ordinary shares to Hallberg Management AB, subject to the subsequent approval of the general meeting. The general meeting resolved, with the required majority, to approve the Board of Directors’ resolution on a directed issue of ordinary shares to Hallberg Management AB. For more detailed information on the content of the resolutions, please see the complete notice of the extraordinary general meeting, available on the Company's website, www.medivir.com. Minutes from the extraordinary general meeting will be made available on the aforementioned website within two weeks from the date of the meeting. For additional information, please contact: Jens Lindberg, CEO, Medivir AB."
Medivir AB is a pharmaceutical company listed on the Small Cap segment of Nasdaq Stockholm. The company focuses on developing innovative therapies for diseases with high unmet medical need. Its two lead programs are fostrox, a precision chemotherapy targeting liver cancer cells, and MIV-711, aimed at treating Osteogenesis Imperfecta and Legg-Calvé-Perthes disease. Both drug candidates are described as having significant potential for value creation for shareholders.
The company said, "Medivir develops innovative therapies targeting diseases with high unmet medical need. The company’s drug candidates focus on indications where current treatment options are limited or non-existent, offering the potential to deliver meaningful improvements for patients. Medivir’s two lead programs are fostrox, a precision chemotherapy designed to selectively target liver cancer cells while minimizing side effects, and MIV-711, aimed at treating Osteogenesis Imperfecta (Brittle bone disease) and Legg-Calvé-Perthes disease (Perthes disease). Both candidates have blockbuster potential, representing significant value creation opportunities for Medivir’s shareholders. Collaborations play a key role in Medivir’s business model, with drug development conducted either in-house or in partnership. Medivir (Nasdaq Stockholm: MVIR) is listed on the Small Cap segment of Nasdaq Stockholm. More information is available at www.medivir.com."
Medivir's research and development portfolio is based on its established technology platform, with a focus on oncology and infectious diseases, according to Medivir.
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