Business
Diamyd Medical enters into equity financing agreements with new U.S. sector specialist investors for up to USD 125 million and announces full enrollment in Phase 3 trial
The Board of Directors of Diamyd Medical Aktiebolag ("Diamyd Medical" or the "Company") has resolved on a directed issue of 17,226,500 new Class B shares at a subscription price of SEK 13.54 per share, through which the Company receives approximately SEK 233 million before transaction costs (the "Share Issue"), and two directed issuances of an aggregate of 46,649,362 warrants (the "Warrant Issuances", and together with the Share Issue, the "Directed Issuances"), to certain U.S. sector specialist
About this update from Diamyd Medical Ab Class B
[{"type":"text","content":"NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR OTHER MEASURES.","length":350,"tagName":"p"},{"type":"text","content":"STOCKHOLM, March 23, 2026 /PRNewswire/ -- The Board of Directors of Diamyd Medical Aktiebolag ("Diamyd Medical" or the "Company") has resolved on a directed issue of 17,226,500 new Class B shares at a subscription price of SEK 13.54 per share, through which the Company receives approximately SEK 233 million before transaction costs (the "Share Issue"), and two directed issuances of an aggregate of 46,649,362 warrants (the "Warrant Issuances", and together with the Share Issue, the "Directed Issuances"), to certain U.S. sector specialist investors. Each warrant entitles the holder to subscribe for one new Class B share at an exercise price of SEK 20 per Class B share. If all warrants are exercised in full, the total gross proceeds from the Directed Issuances are expected to amount to approximately SEK 1,166 million (corresponding to approximately USD 125 million).","length":925,"tagName":"p"},{"type":"text","content":"The Company also announces completion of randomization in the pivotal precision medicine Phase 3 DIAGNODE-3 trial evaluating retogatein (rhGAD65) in individuals with type 1 diabetes. A total of 321 patients have been randomized across 57 clinical sites in Europe and the U.S., and the study is now fully enrolled. The results from an interim analysis in the DIAGNODE-3 trial are expected to be announced on March 27, 2026, following a Data Safety Monitoring Board (DSMB) meeting.","length":479,"tagName":"p"},{"type":"text","content":""We are pleased to welcome leading U.S. sector specialist investors at this pivotal stage," said Ulf Hannelius, President & CEO of Diamyd Medical. "Their participation brings deep sector expertise and strong alignment with the U.S. market, which will be central to our future development and commercialization strategy. The financing strengthens our cash position, extends our anticipated runway through the full Phase 3 readout,...