In February, Pharmacolog announced that the Board intended to investigate the conditions for a new business direction, which could include the acquisition of niche and profitable companies in the healthcare sector. Since then, the Board has been probing the unlisted market for company candidates where several interesting companies have already been identified.

The efforts to build such a business, and with a significantly different risk profile than the current business, is now entering the next phase. A number of interesting company candidates will be contacted. Within this framework, the Board has decided that an Extraordinary General Meeting will be convened to present a proposal for a name change and a change of business direction, both of which require changes to the Articles of Association.

Erik Hedlund, Chairman of the Board of Directors and main owner of Pharmacolog: "The proposal to amend the articles of association and the name change follows the progress we have made in evaluating the new business direction. We are now entering a new phase where interesting companies will be contacted and the work will be intensified. The proposed name change to Perpetua Medical AB (publ) reflects the ambition to build a group of independent subsidiaries in the healthcare sector through a decentralized and long-term ownership model."