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Our portfolio companies over the years

Since 2003, KDventures has invested in and developed more than 60 life science companies. Here you can explore our current portfolio companies, previous investments and a few specially selected examples of the companies’ development.

Selected investments

Explore a selection of investments that show how KDventures works and how the companies have developed – from the initial investment to clinical progress, global partnerships and other value-creating milestones.

christian-bowen-I0ItPtIsVEE-unsplash

From Swedish research to global Phase 3

KDventures has supported Dilafor through clinical development up to a global partnership with Exeltis, which is now funding the continued Phase 3 development of tafoxiparin.

Read more about Dilafor
bioarctic-history-2006

From research to global innovation

KDventures invested early in BioArctic. At the IPO in 2017, the partial exit corresponded to around 80x invested capital.

Read more about BioArctic
AnaCardio teambild

From research to clinic

KDventures helped found AnaCardio based on research at Karolinska Institutet. The company has since been built into an internationally funded biotech company with positive Phase 1b/2a results for AC01.

Read more about AnaCardio

Current and previous portfolio companies

Actar Actar AB

Actar was a fully owned subsidiary of KDventures, enabling academic ideas by pre-clinical research services focused on innovative drug targets.

Bransch pharma

Country sweden

Public/Private private

Status former

Akinion Akinion Pharmaceuticals AB

Akinion Pharmaceuticals developed kinase receptor inhibitors for treatment of acute myeloid leukemia. The company's phase 1/2 clinical study with AKN-028 was halted due to liver toxicity in a small number of patients. In 2016, KDventures divested its...

Bransch pharma

Country sweden

Public/Private private

Status former

AnaCardio_0 AnaCardio

AnaCardio is developing a new form of drug concept that protects cardiac tissue in conjunction with heart failure. AnaCardio’s clinical candidate drug is being developed to restore the heart’s normal muscular function and blood circulation with ground-breaking...

Bransch pharma

Country sweden

Public/Private private

Status current

Antrad Medical Antrad Medical

Antrad Medical offers thawing devices and thawing of sensitive biological material. This is made possible through their radio frequency (RF) technology.

Bransch medtech

Country sweden

Public/Private private

Status former

aprea Aprea Therapeutics

Aprea Therapeutics, Inc. is a biopharmaceutical company headquartered in Boston, Massachusetts with research facilities in Stockholm, Sweden, focusing on developing and commericliazing novel cancer therapeutics targeting DNA damage response (DDR) pathways.

Bransch pharma

Country sweden

Public/Private public

Status current

Asarina Pharma Asarina Pharma

Asarina Pharma is a Swedish biotech company developing Sepranolone for allopregnanolone-related stress, compulsions, menstrual and neurological disorders. The company was listed on Nasdaq First North in 2018 and was divested from the KD portfolio in 2019.

Bransch pharma

Country sweden

Public/Private public

Status former

Athera Athera Biotechnologies AB

Accuro Immunology was a biomedical R&D company focusing on the development of novel immunotherapies for treatment of cancer. The company developed a new concept, TEIPP-based immunotherapy in collaboration with scientists at Karolinska Institutet, Sweden,...

Bransch pharma

Country sweden

Public/Private private

Status former

Accuro Immunology

Accuro Immunology was a biomedical R&D company focusing on the development of novel immunotherapies for treatment of cancer. The company developed a new concept, TEIPP-based immunotherapy in collaboration with scientists at Karolinska Institutet, Sweden,...

Bransch pharma

Country sweden

Public/Private private

Status former

Absorber AB

Absorber developed products to facilitate more successful transplantations. The company launched its standardized transplantation test XM-ONE® in 2006, used to evaluate organ transplantation risk. The company was aquired by Allenex AB in 2010 which was...

Bransch pharma

Country sweden

Public/Private private

Status former

Biocis BioCis Pharma Oy

BioCis Pharma developed topical therapies for dermatology and locally administered products in oncology. The company merged with Lx Therarapies to Laurantis Pharma in 2011 and was later aquired by Herantis Pharma.

Bransch pharma

Country finland

Public/Private private

Status former

Avaris AB

Avaris developed primarily cancer therapies based on prorietary knowledge in cell and gene therapy.

Bransch pharma

Country sweden

Public/Private private

Status former

Axelar AB

Axelar developed a unique first-in-class treatment for different types of cancers. The lead candidate, Insulin-like growth factor-1 receptor (IGF-IR) inhibitor AXL1717, has shown pronounced antitumor activity in clinical setting. In 2017, the FDA and...

Bransch pharma

Country sweden

Public/Private private

Status former

Bioarctic BioArtic AB

BioArctic is a Swedish research-based biopharma company focusing on disease-modifying treatments for neurodegenerative diseases, such as Alzheimer's disease, Parkinson's disease and ALS. The FDA approved LEQEMBI™ (lecanemab-irmb) under the Accelerated...

Bransch pharma

Country sweden

Public/Private public

Status former

BioChromix_090703 BioChromix AB

BioChromix developed in vitro diagnostic tests for neurodegenerative diseases that involve misfolded proteins, such as Alzheimer’s. The company was acquired by Cadila Pharmaceuticals Sweden in 2014.

Bransch pharma

Country sweden

Public/Private private

Status former

Biocis Bioneris AB

Bioneris developed the alpha trinositol molecule for oncology. Alpha trinositol and its derivatives play an essential rolw in the development of many cancer types.

Bransch pharma

Country sweden

Public/Private private

Status former

Bioresonator BioResonator AB

BioResonator developed and sold advanced intraocular pressure gauges used to diagnose glaucoma. The technology used in the instrument was developed by researchers at Umeå University.

Bransch pharma

Country sweden

Public/Private private

Status former

Biosergen Biosergen

Biosergen AB is a biotech company developing innovative antifungal drugs based on latest biopharmaceutical research and development from laboratory facilities in Trondheim, Norway and several other places worldwide. The company’s lead candidate BSG005,...

Bransch pharma

Country norway

Public/Private public

Status current

BOOST_LOGO_new BOOST Pharma

BOOST Pharma was founded based on research from Karolinska Institutet, focusing on novel cell therapy treatments for osteogenesis imperfecta, OI. The company’s treatment has a unique position on the market, since it targets the underlying condition causing...

Bransch pharma

Country sweden

Public/Private private

Status current

c-rad logga C-rad AB

C-RAD is a medtech company originating from Karolinska Institutet and KTH that develops surface-guided imaging solutions for radiation therapy.

Bransch medtech

Country sweden

Public/Private public

Status former

Calabar Calabar International AB

Calabar International originated from Karolinska Institutet and developed drugs for the treatment of xerostomia, or dry mouth. The company was divested in 2011.

Bransch pharma

Country sweden

Public/Private private

Status former

Calabar CarbGraft

CarbGraft developed ChitografTM, a proprietary bone graft technology based on chitosan for applications in oral implants, orthopedics and other medical fields.

Bransch medtech

Country sweden

Public/Private private

Status former

Clanotech Clanotech AB

Clanotech is developed compounds for the treatment of solid cancers and age-related macular degeneration (AMD). Clanotech’s lead candidate drug was an inhibitor of the alpha5beta1-integrin receptor. KDventures sold its shares to Rosetta Capital via an...

Bransch pharma

Country sweden

Public/Private private

Status former

Cogmed_0 Cogmed AB

Cogmed, founded in 2001, digitial programs for memory training programs for people with concentration difficulties. The company was sold to Pearson Overseas Holding Limited in 2010.

Bransch pharma

Country sweden

Public/Private private

Status former

CytoGuide CytoGuide ApS

CytoGuide was a danish biotech company that focused on drug development for the treatment of monocyte- and macrophage-related diseases.

Bransch pharma

Country denmark

Public/Private private

Status former

DermaGen

DermaGen developed topical therapeutics based on novel and proprietary antimicrobial peptides (AMPs). Karolinska Development owned its holding in the company through Pergamum AB (later Promore Pharma). KDventures divested its entire holding in the company...

Bransch pharma

Country sweden

Public/Private private

Status former

Dilafor (1) Dilafor

Dilafor AB is a women’s health company based in Stockholm, Sweden, developing tafoxiparin for obstetric indications, with particular reference to protracted labor and associated complications. Protracted labor represents a significant unmet clinical need...

Bransch pharma

Country sweden

Public/Private private

Status current

Eribis Eribis Pharmaceuticals

Eribis Pharmaceuticalsdeveloped new drugs for the treatment of cardiovascular diseases, specifically myocardial infarction.

Bransch pharma

Country sweden

Public/Private private

Status former

EvoStem Oy

EvoStem based in Tampere, Finland, developed treatment methods based on stem cell technology and tissue engineering for regenerative medicine. The company's product TendoStem was on the market in Scandinavia for tendon and ligament injuries in horses....

Bransch pharma

Country finland

Public/Private private

Status former

Forendo Forendo Pharma Oy

Forendo Pharma was founded in 2013 in Turku, Finland, and built a scientific platform around HSD17B1. Its most advanced drug candidate, OG-6219, was developed for endometriosis. Organon acquired Forendo in December 2021 in a deal worth up to USD 945 million....

Bransch pharma

Country sweden

Public/Private private

Status former

Genordia

Genordia produced biotechnical reagents in the siRNA area for use in gene silencing experiments. They used a unique proprietary technology, which enabled that very rapid, reliable and cost effective tools could be offered to molecular biologists.

Bransch pharma

Country sweden

Public/Private private

Status former

GliGene GliGene AB

GilGene was an oncology company focused on Hedgehog-signaling for targeted cancer treatment.

Bransch pharma

Country sweden

Public/Private private

Status former

Global Genomics

Global Genomics was a Swedish company with a patented technology for rapid and accurate global expression analysis of genes. The company merged with Genizon BioSciences.

Bransch medtech

Country sweden

Public/Private private

Status former

HBV Theranostica HBV Theranostica AB

HBV Theranostica developed a marker for the assessment of which Hepatitis B patients are responders to a treatment with interferon-alpha.

Bransch medtech

Country sweden

Public/Private private

Status former

Henlez Henlez

Henlez is a Danish company with a pre-clinical development program for an enzyme-based, topical application directed towards the chronic dermatological condition hidradenitis suppurativa.

Bransch pharma

Country denmark

Public/Private private

Status former

IMED IMED AB

IMED developed human antibodies for the treatment of immune disorders and diseases associated with deregulation of cell death; apoptosis.

Bransch pharma

Country sweden

Public/Private private

Status former

Independent Pharmaceuticals AB

IPAB developed a treatment method for patients addicted to nicotine based on new vaccine technology and innovative pharmacological approaches.

Bransch pharma

Country sweden

Public/Private private

Status former

InDex Pharma logotype InDex Pharmaceuticals AB

InDex Pharmaceuticals develops drugs for the treatment of immunological diseases. Their lead drug candidate cobitolimod, is currently in phase 3 clinical development to treat ulcerative colitis. KDventures sold its holding in 2011. InDex shares have been...

Bransch pharma

Country sweden

Public/Private public

Status former

Inhalation sciences logo (1) Inhalation Sciences Sweden AB

Inhalation Sciences has developed a research and development platform which provides the possbility for companies developing inhaled pharmaceuticals to generate high quality data during the early development stage. KDventures sold its holding in the company...

Bransch medtech

Country sweden

Public/Private public

Status former

Inhalox Technology

Inhalox developed technology for oxygen treatment. The company developed a process that produces pure oxygen from air, using a new class of oxygen selective agents for air separation.

Bransch medtech

Country sweden

Public/Private private

Status former

Jederstrom Pharmaceuticals AB

Jederstrom Pharmaceuticals developed new formulations for oral delivery of therapeutic proteins, such as insulin. The patented technology enabled the formation of a complex between biomolecules and myaluronan that was many times smaller than the original...

Bransch pharma

Country sweden

Public/Private private

Status former

Lipidor Lipidor AB

Lipidor is a research and development company with a pipeline of pharmaceutical development projects in preclinical and clinical phases. The company develops topical medical products for the treatment of diseases such as psoriasis, acne vulgaris, bacterial...

Bransch pharma

Country sweden

Public/Private public

Status former

LIPOPEPTIDE Lipopeptide AB

Lipopeptide, which was owned by Pergamum AB (later Promore Pharma) from 2010, was a biopharmaceutical company specialized in the development of therapeutic peptides for treatment of hard-to-heal wounds. KDventures divested its entire holding in the company...

Bransch pharma

Country sweden

Public/Private private

Status former

Modus Modus Therapeutics

Modus Therapeutics is a Swedish biotech company developing sevuparin for diseases with high unmet medical need. The Company’s near-term focus is to develop sevuparin for patients with sepsis/septic shock, a severe and often fatal condition.

Bransch pharma

Country sweden

Public/Private public

Status current

NeoDynamics_1 NeoDynamcs AB

NeoDynamics has developed an innovative biopsy system called NeoNavia®. This biopsy system builds on a patented pulse technology, based on research at the Karolinska Institutet in Sweden. The company is listed on the Swedish stock market via Spotlight...

Bransch medtech

Country sweden

Public/Private public

Status former

NephroGenex NephroGenex Inc

NephroGenex Inc developed Pyridorin™ (pyridoxamine dihydrochloride) as a treatment to slow the progression of diabetic kidney disease. Pyridorin was acquired for shares from BioStratum, Inc in 2014. NephroGenex listed on Nasdaq in 2014. The company was...

Bransch medtech

Country sweden

Public/Private public

Status former

Neurotherapeutics NeuroTherapeutics AB

NeuroTherapuetics developed cell processing technology to regulate neruogenesis and stem cell differentiation for the treatment of Parkinson's disease.

Bransch pharma

Country sweden

Public/Private private

Status former

NovaSaid_0 NovaSAID AB

NovaSAID developed new drugs for the treatment of inflammatory diseases such as rheumatoid arthritis and osteoarthritis.

Bransch pharma

Country sweden

Public/Private private

Status former

OMNIOHEALER OmnioHealer

OmnioHealer was developing products based on plasminogen for wound healing applications with a focus on ear diseases. KDventures owned its holding in the company through Pergamum AB (later Promore Pharma). KDventures divested its entire holding in the...

Bransch pharma

Country sweden

Public/Private private

Status former

Oncopeptides Oncopeptides AB

Oncopeptides is a biotech company focused on the development of targeted therapies for difficult-to-treat hematological diseases. Oncopeptides uses its proprietary PDC platform to develop peptide-linked drugs that rapidly and selectively deliver chemotherapy...

Bransch pharma

Country sweden

Public/Private public

Status former

OncoReg AB

OncoReg developed drugs based on inhibition of the enzyme tripeptidylpeptidase which increases the senstitivity of cancer tumors to radiation and chemotherapy.

Bransch pharma

Country sweden

Public/Private private

Status former

OssDsign OssDsign

OssDsign is a developer and global provider of next generation orthobiologics products. Based on cutting edge material science, the company develops and markets products that support the body's own healing capabilities, giving patients back the life they...

Bransch medtech

Country sweden

Public/Private public

Status former

pergamum_logo Pergamum AB

Pergamum AB gathered KDventures' dermatology and wound healing portfolio. The company changed its name to Promore Pharma in 2016. Promore Pharma is a biopharmaceutical company that develops peptide-based drug candidates in scarring and wound treatment....

Bransch pharma

Country sweden

Public/Private public

Status former

Pharmanest Pharmanest AB

Pharmanest, now Palette Life Science, offers products in radiotherapy and interventional oncology procedures, urology and colorectal conditions. KDventures divested its shares in 2019.

Bransch pharma

Country sweden

Public/Private private

Status former

pharmasurgics-logo2 PharmaSurgics in Sweden AB

PharmaSurgics developed a treatment for prevention of harmful scarring and promotion of wound healing after surgery. The product concept was based on proprietary synthetic peptides of human lactoferrin which have strong anti-inflammatory and anti-infectious...

Bransch pharma

Country sweden

Public/Private private

Status former

PharmNovo_0 PharmNovo

PharmNovo develops innovative drugs for the treatment of nerve pain (neuropathic pain). Neuropathic pain is one of the most prevalent types of chronic pain and affects up to 10 per cent of the population. PharmNovo’s novel drug candidate, based on a drug...

Bransch pharma

Country sweden

Public/Private private

Status current

Promimic Promimic

Promimic is a growth company that manufactures, markets, and sells biomaterials for improved osseointegration (bone healing) to leading companies in the markets for orthopedic and dental implants. The company has its origins in research at Chalmers University...

Bransch medtech

Country sweden

Public/Private public

Status current

Promimic ProNoxis AB

ProNoxis develops new low molecular weight drugs for the treatment of chronic inflammation such as rheumatoid arthritis, multiple sclerosis and peritonitis. KDventures divested its shares in 2012.

Bransch pharma

Country sweden

Public/Private private

Status former

Sidec Technologies SIDEC Technologies AB

Sidec Technologies offered the pharmaceutical industry visualization of the 3-dimensional shape of proteins and how they interact in situ, ie in their biological environment, through electron microscopy. KDventures sold its shares in Sidec to KIHAB in...

Bransch medtech

Country sweden

Public/Private private

Status former

SoftCure Pharmaceuticals AB

SoftCure Pharmaceuticals modified existing potent drugs with high toxicity to topically administred drugs, enabling local treatment without systemic side effects.

Bransch pharma

Country sweden

Public/Private private

Status former

Spectracure_BL SpectraCure AB

SpectraCure is developing systems for the treatment of internal solid cancer tumours. The method is based on photodynamic therapy (PDT) where a light-activated drug is activated through laser to treat the tumor. SpectraCure’s share is listed on the Nasdaq...

Bransch medtech

Country sweden

Public/Private public

Status former

SVF Vaccines SVF Vaccines AB

SVF Vaccines develops vaccines and immunotherapies to prevent and treat life-threatening diseases based on technology developed at the Karolinska Institute in Stockholm. Current development is focused on a therapeutic vaccine for chronic hepatitis B and...

Bransch pharma

Country sweden

Public/Private private

Status current

Umecrine Cognition Umecrine Cognition

Umecrine Cognition is developing a completely new type of drug for neurological disorders in the brain that can occur as a result of a number of underlying diseases and lead to severely reduced cognition and alertness. The results from an internationally...

Bransch pharma

Country sweden

Public/Private private

Status current

Triple Crown AB

Triple Crown developed and commercialized its sterol-based cholesterol-lowering ingredient Prolocol to be incorporated into functional food products and nutraceuticals.

Bransch pharma

Country sweden

Public/Private private

Status former

Xspray Pharma_0 Xpray Pharma AB

XSpray Pharma is a pharmaceutical company with several product candidates in clinical development, the first XS004 dasatinib recently filed with the FDA. The company uses its innovative, patented RightSize™ technology to develop improved versions of marketed...

Bransch pharma

Country sweden

Public/Private private

Status former

No companies match the filters.

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