Stockholm, October 5, 2023 – Purpose Pharma International AB* is pleased to announce that Industrifonden has invested in a Series A financing.

Industrifonden has made a strategic investment in Purpose Pharma, a pharmaceutical company focusing on specialty products for patient groups with limited alternatives.

Purpose Pharma is led by an experienced team, including Jacob Gunterberg, previously partner at HealthCap, Jonas Hansson, former CEO of Wilson Therapeutics and venture partner at HealthCap, and Lars Olsson, a seasoned pharmaceutical developer. The founding team’s mission is to globally seek and develop niche products and projects for commercialization, initially focusing on the Nordics and over time expanding into European markets. The company is currently preparing the filing of a marketing authorization application for its first product.

“We are strong believers in the capabilities of this team, their potential to make significant impact in the rare disease area and to develop a growing business,” says Jonas Brambeck, Senior Investment Director of Industrifonden.

Peter Wolpert, CEO of Industrifonden, joins Purpose Pharma’s board of directors

“We have frequently cooperated and worked with Industrifonden in our previous careers and are happy to welcome them to AO Pharma in their capacity as a knowledgeable investor,” says Jonas Hansson, CEO of Purpose Pharma. 

For more information about Purpose Pharma and its mission, visit purposepharma.com

*AO Pharma AB changed its name to Purpose Pharma International AB in February 2024.