Beactica welcomes Uppsala University Holding Company as a new shareholder
Beactica AB, a fragment-based drug discovery company spun out of Uppsala University, today announced a new investment and the addition of Uppsala University Holding Company to its shareholders. The funding will support Beactica’s growing internal drug discovery pipeline.
“We are very pleased to welcome Uppsala University as a shareholder” said Beactica CEO, Dr Per Källblad. “Uppsala University Holding Company has a robust investment record and we know we’ll benefit from their commitment to us”.
CEO of Uppsala University Holding Company, Dr Lars Jonsson, said “Beactica is an exciting company with a strong technology platform based on more than a decade of research at Uppsala University. Investing in Beactica provides us with an opportunity to deepen our biotechnology portfolio.”
For further information, please contact Dr Per Källblad, CEO Beactica, +46 (0)18 56 08 80, or Dr Lars Jonsson, CEO Uppsala University Holding Company, +46 (0)18 471 18 42.
About Beactica
Beactica is a fragment-based drug discovery company, utilising its proprietary methodologies to evaluate the biophysical interaction of molecules in order to generate novel therapeutics. The company was spun out of Uppsala University in August 2006 and is based on research conducted by Professor Helena Danielson at the Department of Biochemistry and Organic Chemistry. As well as building collaborations with external companies, Beactica is progressing its own drug discovery programmes.
For more information about Beactica, please visit www.beactica.com.
About Uppsala University Holding Company
Uppsala University Holding Company is a private limited company owned by Uppsala University, the comprehensive international research university that has been a distinguished site of learning for more than 500 years. The mission of Uppsala University Holding Company is to identify business ideas within Uppsala University and to support the process of commercialization.
For more information about Uppsala University Holding Company, please visit www.uuab.uu.se.
