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    BACTI B   SE0005878741

BACTIGUARD HOLDING AB (PUBL)

(BACTI B)
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Bactiguard : recruits Chief Licensing Officer to accelerate growth

08/31/2021 | 02:01am EDT

Carl Johan Fredin, with many years of international experience from leading companies and positions in pharmaceuticals, MedTech and healthcare, has been recruited to a new role as Chief Licensing Officer. Carl Johan, whose most recent position was with Mölnlycke, will take up his new role on 1 October and report to the CEO.

"The interest in Bactiguard's technology is clearly increasing and our ambition is to accelerate the development of new license agreements and innovative applications for infection prevention together with our partners. To do so we need to strengthen our team", says Cecilia Edström, CEO.

"Carl Johan Fredin has a broad international management experience within life science, ranging from sales and marketing in pharma and MedTech to leading private othopedic clinics and developing digital solutions for elderly care. He also has a genuine passion for infection prevention and in-depth knowledge of wound care. I am convinced that Carl Johan will contribute both strategically and practically to developing Bactiguard's licensing business and warmly welcome him to the management team", Cecilia Edström continues.

"It´s with a feeling of pride, joy and honour that I'm looking forward to joining the Bactiguard team and fulfilling its mission of saving more lives. I am impressed by the potential of the existing portfolio for infection prevention and the opportunities of extending the use of the Bactiguard technology to new applications. Together we will accelerate the pace of reducing healthcare related infections, improving patient safety and reducing the use of antibiotics. By doing so, we will add value to our customers, patients, the healthcare sector, as well as our shareholders", says Carl Johan Fredin.

Carl Johan Fredin is 55 years old and has successfully led and developed teams in leading pharma and MedTech companies, including Glaxo Smith Kline, Janssen, Mundipharma, Doro and, most recently Mölnlycke. He has also been the CEO of Ortho Center in Gothenburg and Malmoe, as well as Sales and Marketing Director at Aleris. He has an MBA in business from the University of Stockholm and has served as an officer in the Swedish Armed Forces.
 

For further information, please contact:
Cecilia Edström, CEO, phone +46 8 440 58 80
 

About Bactiguard
Bactiguard is a Swedish medical device company with a mission to save lives. To achieve this mission, we develop and supply infection prevention solutions which reduce the risk of infections and the use of antibiotics. This way, we save significant costs for healthcare and the society at large.

The Bactiguard technology is based on a thin noble metal alloy coating that prevents bacterial adhesion and biofilm formation on medical devices. Bactiguard offers the technology through licence agreements and our BIP (Bactiguard Infection Protection) portfolio of products. Urinary catheters with Bactiguard's coating are market leaders in the USA and Japan through our licensing partner BD. Bactiguard's product portfolio also includes a non-alcoholic product line for wound care and disinfection. It effectively kills viruses, bacteria and fungi while being biocompatible, pH neutral and tissue friendly. The active ingredient hypochlorous acid is the same substance as the body's immune cells use in their defence against infectious organisms.

Bactiguard is in a strong expansion phase in the markets in Europe, China, India and the Middle East through our own product portfolio and by establishing licensing deals in new therapy areas. Bactiguard has about 180 employees around the world. Its headquarters and one of three production facilities are located in Stockholm, the other two in Malaysia. Bactiguard is listed on Nasdaq Stockholm.

Read more about Bactiguard www.bactiguard.com

https://news.cision.com/bactiguard-holding-ab--publ-/r/bactiguard-recruits-chief-licensing-officer-to-accelerate-growth,c3406308

https://mb.cision.com/Main/9686/3406308/1461533.pdf

https://news.cision.com/bactiguard-holding-ab--publ-/i/carl-johan-fredin,c2948796

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 177 M 20,4 M 20,4 M
Net income 2020 -38,4 M -4,44 M -4,44 M
Net Debt 2020 254 M 29,4 M 29,4 M
P/E ratio 2020 -125x
Yield 2020 -
Capitalization 5 432 M 627 M 628 M
EV / Sales 2019 15,5x
EV / Sales 2020 28,6x
Nbr of Employees -
Free-Float 38,0%
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Managers and Directors
Anders G÷ransson Chief Executive Officer
Gabriella Bj÷rknert Caracciolo Chief Financial Officer & Deputy CEO
Nils Thomas von Koch Chairman
Stefan Grass Chief Medical Officer & Deputy CEO
Sathish Subramaniam Chief Operations Officer