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Biostock Interview: Chordate’s CEO Anders Weilandt Comments on the Rights Issue

In a new interview with Biostock, Chordate’s CEO Anders Weilandt discusses the rights issue intended to finance ongoing value creation ahead of a potential exit. The proceeds from the issuance will be used, among other things, to establish proof-of-concept in selected markets for the migraine and rhinitis treatment Ozilia.

“We see how the project as a whole has attained a significantly lower risk level due to the highly favorable study results. In the second half of 2023, we observed the fruition of our market efforts. Chordate as an investment should be considered to have transitioned from a technical/scientific development project to a phase of market validation. Investors, of course, have different perspectives, but I assess that this clear shift in risk level should attract investors with experience in life science investments,” says Anders Weilandt to Biostock.

Read the full interview (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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