DrugLog® will be evaluated by a hospital chain in New York

Pharmacolog and one of New York’s most reputable hospital chains have signed an agreement that DrugLog® should be evaluated at two of the organization’s hospitals for use in a Drug Diversion program. The hospital chain pays for the evaluation scheduled to start in December and is expected to be completed in the first quarter of 2018.

Theft of narcotic intravenous drugs in healthcare is an growing problem. In the US, the authorities have initiated various preventive actions as the abuse of opiates reaches alarming levels. Since DrugLog can identify such drugs and also see if they have been manipulated in any way, DrugLog is a useful tool to prevent this development. The interest in using DrugLog® for this purpose has increased recently. After a period of negotiations, Pharmacolog has now signed an agreement with a New York based hospital chain for an evaluation of DrugLog in a so-called Drug Diversion program at two of the hospital’s facilities. The agreement has a minor impact on the company revenue.

Mats Högberg, CEO, comments. “The hospital contacted us to learn more about DrugLog and we conducted shortly after a successful demonstration of the system. They have now chosen to proceed and pay to get the opportunity to conduct an evaluation. At the moment, there is a great focus on drug addiction in the United States, and it means even greater demands on hospitals to minimize the so-called drug diversion, ie, medication intended for patients end up in the wrong place. We know – due to a study conducted in 2015 at the Mayo Clinic – that DrugLog® is very well suited to quickly check that a morphine preparation has not been manipulated. Since the Mayo study, we have gained a much better understanding of the application area, while significantly improving the DrugLog® software. This agreement is of course very exciting and, if all goes well, could provide a great opportunity for the company to first come into a new application area, and take a first step into the very important US market. “

Nyemissionen registrerad

Pharmacolog i Uppsala AB (publ) har genomfört en nyemission med företrädesrätt för befintliga aktieägare med teckningstid 27 september – 13 oktober 2017 efter beslut av styrelsen den 28 augusti med stöd av bemyndigande från Bolagets årsstämma den 3 maj 2017. Emissionen, som övertecknades, tillförde Bolaget 19,6 MSEK före emissionskostnader.

Emissionen har registrerats av Bolagsverket den 1 november 2017. I samband med att emissionen har registrerats av Bolagsverket kommer betalda tecknade aktier (BTA) att avregistreras och ersättas av nya aktier. Sista dag för handel med BTA på Aktietorget är den 6 november 2017.

Genom nyemissionen har aktiekapitalet i Pharmacolog ökat med 1 178 799,90 SEK...

Företrädesemissionen övertecknades till 150%

Teckningsperioden för Pharmacologs företrädesemission löpte ut den 13 oktober 2017 och det slutliga utfallet visar att den tecknades till 89,35 procent med stöd av teckningsrätter. Resterande del, motsvarande 10,65 procent, har tecknats utan stöd av teckningsrätter. Företrädesemissionen är därmed fulltecknad och tillför Bolaget cirka 19,6 MSEK före emissionskostnader. Sammanlagt tecknades Företrädesemissionen till drygt 150 procent.

Totalt tecknades 3 510 991 aktier med stöd av teckningsrätter, motsvarande cirka 17,6 MSEK eller 89,35 procent av Företrädesemissionen. Resterande 418 342 aktier, motsvarande cirka 2,1 MSEK eller 10,65 procent av Företrädesemissionen, har tilldelats personer som teckn...

New analysis of Pharmacolog

New company analysis of Pharmacolog AB performed by Jarl Securities. Read the complete analysis here (in Swedish only): https://www.aktiespararna.se/sites/default/files/phlog_2017-09-28.pdf

Pharmacolog forms an international consortium for Eurostars application

Pharmacolog has, together with a consortium consisting of the University of Lille, University Hospital in Geneva and Munkplast AB, submitted a Eurostar application for a project to develop solutions for adaptive medication with intravenous drugs.

Pharmacolog has, in collaboration with GRITA, the University of Lille, France, the University Hospital in Geneva and Munkplast AB in Uppsala submitted a Eurostar application accepted for further assessment within the Eureka / Eurostars organization.

The project; Intravenous Dose Rate Adjustment (IDRA) refers to the development of methods and systems for adaptive treatment with intravenous drugs and is scheduled to last over three years with a tota...