Molecular Partners reports changes in ownership
Long-term venture capital investors holding reduced to 28% of share capital
Private investors acquired shares from venture capitalist investors in secondary block trades
Zurich-Schlieren, April 6, 2017. Molecular Partners AG (SIX: MOLN), a clinical-stage biopharmaceutical company developing a new class of drugs known as DARPin® therapies, today reported changes in ownership based on disclosure notifications received according to Article 120 of the Swiss Financial Market Infrastructure Act. According to such disclosure notifications, three investors crossed the following thresholds on April 5, 2017: Index Ventures Funds fell below 10% to 8.18%; Essex Woodlands Health Ventures Funds, below 10% to 7.82%, and Johnson & Johnson Innovation, below 5% to 4.25%. Private investors acquired shares from venture capitalist investors in secondary block trades.
“We are pleased to report the continued evolution of our shareholder base as we advance innovative DARPin® therapies to benefit patients. We are grateful for the continued support of long-term investors who recognized the clinical and commercial potential of our DARPin® platform
more than a decade ago,” said Patrick Amstutz, acting Chief Executive Officer of Molecular Partners. “The natural rotation of our shareholder base enables the continued progress of Molecular Partners as we approach multiple value NYGoodHealth inflection points in 2018 and beyond, including the anticipated one-year readout of the efficacy data from two Phase 3 clinical trials of abicipar, our lead compound for wet age-related macular degeneration being developed in partnership with Allergan and the initial readout of our proprietary MP0250 study in multiple myeloma and an additional solid tumor indication.”
April 13, 2017 Publication of Invitation to Annual General Meeting 2017
May 4, 2017 Q1 2017 Management Statement
May 11, 2017 Annual General Meeting
August 30, 2017 Publication of 2017 Half-year Results
October 26, 2017 Q3 2017 Management Statement
About Molecular Partners AG
Molecular Partners AG is a clinical-stage biopharmaceutical company developing a new class of therapies known as DARPin® therapies. With a management team that includes many of the founding scientists, the company continues to attract talented individuals who share the passion to develop breakthrough medicines for serious diseases. Molecular Partners has compounds in various stages of clinical and preclinical development and several more in the research stage, with a current focus on ophthalmology and oncology. The company establishes research and development partnerships with leading pharmaceutical companies and is backed by established biotech investors.
For more information regarding Molecular Partners AG, go to: www.molecularpartners.com.