Karolinska Development and EIF Start Landmark Co-Investment Fund for Life Science Innovation
2009-11-20STOCKHOLM - November 20, 2009. Karolinska Development AB today announced that the European Investment Fund (EIF) has entered into a co-investment agreement with the company. The co-investment fund will be managed by Karolinska Development and used to invest in the company's portfolio of early-stage pharmaceutical and medical technology companies. EIF has agreed to invest 26.7 M Euros in the co-investment fund. The agreement represents EIF's largest single investment in the Nordic region to date.The agreement was concluded after EIF - the EU body for investment in small and