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. “

Extended collaboration with Uppsala University regarding dosage of antibiotics

Pharmacolog AB enters a new research and development cooperation with researchers from Uppsala University regarding methods for determining antibiotic concentration in the blood. The agreement is a direct continuation of the agreement signed in spring 2017, which runs until the end of the year.

The project carried out to date has been very successful and has shown that Pharmacolog’s technology can detect very small concentrations of antibiotics in blood. The parties have therefore decided to continue the cooperation with purpose to develop a clinical prototype for patient-related control of antibiotic levels in blood by 2018.

Hans Dahlin, Research Director and Founder, comments: R...

Study in Lille completed

The study conducted at the University Hospital in Lille with DrugLog in order to control drug preparations carried out in the operating room has now been completed. A total of 22 different drugs were checked and the result indicated an error rate in the drug preparations of 6.9%.

The study, conducted during the summer, was part of a doctoral thesis and the results were presented in connection with the dissertation at the Pharmacy Department earlier this fall. Of the 232 analyzes analyzed, it was found that 6.9% had a concentration beyond the tolerance level. According to the study, the cost of an error medication is about 4,000 €, which means that DrugLog control in these cases potentially result...

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...