Saniona participates in formation of Initiator Pharma A/S and spins out three noncore Saniona programs
Saniona, a leading biotech company in the field of ion channels, today announces that Saniona has participated in the formation of Initiator Pharma A/S (Initiator Pharma), a company focused on developing drugs for treatment of erectile dysfunction. Saniona owns 60% of Initiator Pharma, which has subsequently acquired three noncore programs from Saniona A/S. The management of Initiator Pharma plans to apply for a public listing at AktieTorget in Sweden. The board of directors of Saniona intends to propose at an extra ordinary general meeting that Saniona’s shareholding in Initiator Pharma