Changes in Nanologica’s Group Structure and Management Team for Full Focus on Chromatography
Nanologica AB (publ) has decided to focus on Chromatography and the management team is adapted to reflect the new business focus.
In order to create the best conditions for success in preparative chromatography, the company’s operations are focused on Chromatography and the Drug Development operations are down-prioritized and placed in subsidiaries for future opportunities. The management team is adapted to reflect this and CSO Gary Pitcairn and VP Drug Development Ulf Ericsson will leave the company for new opportunities. “ Our work within Drug Development has reached a point where continued development is very resource-intensive and we have therefore decided to currently focus the company’s business primarily on Chromatography. Our potential in chromatography is very large and we see a great interest in our products, as well as a need for additional suppliers of the type of high-quality silica that we produce. Focusing mainly on chromatography facilitates reaching positive cash flow for the company faster“, Nanologica’s CEO Andreas Bhagwani comments. ”We finally have a product within preparative chromatography that we are satisfied with and we will shortly start the first deliveries to customers. We are determined to achieve a commercial breakthrough during this year and are now optimizing our resources to achieve that”, Andreas Bhagwani continues. Following the change, Nanologica’s management team consists of CEO Andreas Bhagwani, CFO Eva Osterman, COO Anna-Karin Renström, and SVP Chromatography Katarina Alenäs.”I would also like to take this opportunity to thank the drug development team for their efforts in the development of the inhalation platform”, Andreas Bhagwani concludes.
For further information, please contactJohanna JohanssonDirector IR, Communications and Marketing[email protected]
About Nanologica AB (publ)Nanologica manufactures and sells nanoporous silica particles for applications within life science. A proprietary production method enables the company to create world-class products by precisely controlling the shape, size, porosity, and surface properties of silica particles. The company provides high-quality silica products used in the purification of peptide drugs. These products can contribute to lower costs and higher production for pharmaceutical manufacturers, which increases the availability of cost-effective medicines and gives more people around the world access to vital treatment for diabetes and obesity. Nanologica is headquartered in Södertälje and Nanologica’s share (NICA) has been listed for trading on Nasdaq Stockholm Main Market since 2022. For further information, please visit www.nanologica.com.
