Torbjörn Bjerke appointed as new CEO for Karolinska Development

Torbjörn Bjerke appointed as new CEO for Karolinska Development

ID: 39868

(Thomson Reuters ONE) -



Press release


STOCKHOLM, August 23, 2010 - Torbjörn Bjerke has been appointed as new CEO for
Karolinska Development. He is currently CEO for Orexo, a position he has held
since 2007. Torbjörn Bjerke succeeds Conny Bogentoft who will assume the
position as Chief Scientific Officer for Karolinska Development.

Starting its operation in 2003, Karolinska Development has rapidly become one of
the leading companies within early pharmaceutical development in Europe.
Investments by Karolinska Development have focused on developing its portfolio
companies to proof of concept.  Karolinska Development has now entered a next
phase where the company will seek external partners for some of its portfolio
companies while preparing for an initial public offering.

"With his solid background as a commercial leader, Torbjörn Bjerke has the right
profile for the role as CEO for Karolinska Development. He has vast experience
from leading and developing early research-based companies as well as a listed
pharmaceutical company. Torbjörn's experience in business development and his
demonstrated ability in negotiating and implementing collaborations with
international partners will be of great value to us, our shareholders and our
portfolio companies", says Hans Wigzell, Chairman of Karolinska Development.

Torbjörn Bjerke has held the position as CEO for Orexo since 2007. He will
assume the position as CEO for Karolinska Development when his successor has
been appointed. Conny Bogentoft, who has held the position as CEO for Karolinska
Development since its inception in 2003, will become Chief Scientific Officer
with overall responsibility for the future development of Karolinska
Development's portfolio.

"I look forward to my new role as CEO for Karolinska Development, and to lead
one of the most exciting pharmaceutical companies in Europe to further success




and a future IPO", says Torbjörn Bjerke.


For further information, please contact:
Hans Wigzell, Chairman of the board, Karolinska Development
Tel: +46 (0) 705 76 05 39, e-mail: hans.wigzell(at)ki.se
Conny Bogentoft, CEO, Karolinska Development
Tel: +46 (0) 706 88 61 43, e-mail: conny.bogentoft(at)karolinskadevelopment.com
Torbjörn Bjerke, appointed CEO, Karolinska Development
Tel: +46 (0) 708 66 19 90, e-mail: info(at)karolinskadevelopment.com


TO THE EDITORS
About Karolinska Development
Karolinska Development manages one of the largest portfolios of life science
companies in Europe. Using a unique, highly cost efficient business model, the
management team guides the commercialization of world class life science
innovations, helping to shape the next generation Pharma industry. Since 2003,
Karolinska Development has built a portfolio of some 40 companies; among the
company's projects 12 compounds are undergoing clinical trials. The portfolio
contains a total of 21 potential first-in-class
products.www.karolinskadevelopment.com


[HUG#1439390]





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Source: Karolinska Development AB (publ) via Thomson Reuters ONE


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Datum: 23.08.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 39868
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