Pharmalink AB, today announces it has raised SEK 35 million through a rights issue of new shares to the Company’s existing shareholders, including Industrifonden.
The new funds will be used to further advance Nefecon® and Busulipo™, Pharmalink’s two lead product candidates. Nefecon is the first pharmaceutical product especially developed for patients with IgA nephropathy, the most common form of primary glomerulonephritis and a cause of end-stage renal disease requiring treatment with dialysis or transplantation. Nefecon has shown positive results in an open-labeled Phase II trial evaluating safety and efficacy and Pharmalink is currently focusing on preparing pivotal clinical trials.
Busulipo is being developed to provide a best-in-class conditioning agent for use priorto hematopoietic stem cell transplantation (HSCT), also often known as bone marrow transplantation. Busulipo has successfully undergone Phase II clinical trials and extensive data on efficacy, safety and pharmacokinetics compare positively with historical controls. Ph
This is going to be my ‘rainy-day’ day year Ever since that recession started back in 2008 causing the values of securities tied to U.S. real estate pricing to crash, damaging financial institutions globally and sinking my little portfolio into the mud, I have been living frugally, rather like Old Scrooge. First I stopped spending on things I didn’t need and than I stopped spending on things I did need. 4 years later I am still scrimping and saving like mad, not spending a penny if I can help it. I mean I even walk the mile to work and back every day to save the train fare! Yes, in winter too! Good luck But good luck was with me all the way. Firstly I never had a single emergency in all that time that would have forced me to break open my savings. Secondly and most importantly, my income remained stable so with all my holding back on cash, my savings flourished. Now, 4 years later, I have built up a nice pile of money and I have decided that 2012 will be “The Year of the Big Spender”. My running hobby I am going to spend on my hobbies. I am a jogger and a marathon runner. This year I will 
The second you finish reading the title, you are probably thinking “Of course YES. What a stupid question.” But I urge you to think about it a little longer and stay with me by reading on.