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Biostock: “Chordate raising capital for continued market establishment”

Biostock reports in a new article about Chordate’s ongoing rights issue, the market establishment of Ozilia, and the exit strategy.

“The company’s strategy is expected to build up the value of its operations ahead of a successful sale to a larger player. The strategy is based on the overarching trend in the medtech and pharmaceutical market, where major players acquire smaller companies that have demonstrated proof-of-concept and market potential instead of conducting early-stage product development in-house. In recent years, many major players have invested in neurostimulation, which is the area in which Chordate Medical operates,” writes Biostock.

Read the full article (In Swedish)

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Chordate Medical Holding AB (publ) is a medical technology company that has developed, patented and CE-marked Ozilia®, a neuromodulation and drug-free treatment technology for chronic migraine and chronic rhinitis. The treatment has clinically proven efficacy according to a recent study, and is marketed in selected markets in the EU and the Middle East. Chordate Medical is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). 

The company’s Certified Adviser on Nasdaq First North Growth Market Stockholm is Vator Securities AB.

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Chordate Medical AB

c/o Regus, Kistagången 20B
SE-164 40 Kista
Sweden

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