STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
In December 2014 BioGaia reported its decision to invest SEK 12 million
in MetaboGen AB, Gothenburg, Sweden. The investment should be made over
a two-year period. The first investment of SEK 4 million took place in
December 2014 and the second in December 2015 and as MetaboGen has
reached the agreed milestones the last investment of SEK 4 million was
BioGaia thereafter owns 36% of the share capital of MetaboGen.
MetaboGen is a research company, which was founded in 2011 in Gothenburg
by Professor Fredrik Bäckhed at the University of Gothenburg and
Professor Jens B Nielsen at Chalmers University of Technology together
with GU Holding, which commercializes research results and develops
companies linked to the University of Gothenburg. MetaboGen researches
in metagenomics, the research intensive and fast developing field of
gene sequencing of all genes in the microbial communities of for example
the human gut, to find previously unknown members and patterns of the
microbial diversity related to health and disease. The aim is to develop
new treatments and products for different metabolic and other microbial
associated diseases by influencing large parts of the microbiota.
Peter Rothschild is Chairman of the Board and Sara Malcus is President
in MetaboGen AB. For further information please see BioGaia´s press
release from 1 December 2014 and 2015 on BioGaia´s website: www.biogaia.com/pressreleases
BioGaia (STO:BIOGB) is a healthcare company that develops, markets and
sells probiotic products with documented health benefits. The products
are primarily based on the lactic acid bacterium Lactobacillus reuteri
which has probiotic, health- enhancing effects. The class B share of the
Parent Company BioGaia AB is quoted on the Mid Cap list of the Nasdaq
OMX Nordic Exchange Stockholm. biogaia.com (http://www.biogaia.com).
BioGaia AB Box 3242. SE-103 64 STOCKHOLM Street address: Kungsbroplan 3,
Stockholm Telephone: +46 8 555 293 00, Corp. identity no.
556380-8723. biogaia.com (http://www.biogaia.com).
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