Bio Fund Management Ltd.

Bio Fund Management Ltd. is an investment arm of Capinordic AS specializing in investments in early stage, growth capital, expansion capital, turnaround, restructuring, management buyouts, and management buyins. The firm seeks to invest in life sciences, pharmaceuticals, medical technologies, nutrition, and environmental technologies. In pharmaceutical and medical technologies the firm seeks to invest in pharmaceuticals and pharmaceutical development, diagnostics, health care services, and health care equipment and in nutrition, the firm focuses to invest in manufacture and development of nutritional products, manufacture and development of food additives, development and marketing of food processes, development of food analysis and hygiene, and development of renewable natural resources. It seeks to invest in Europe, with a focus on Nordic countries. The firm seeks to invest in minority equity interests and makes investments primarily in unlisted companies. It typically invests between €1 million ($1.27 million) and €5 million ($6.36 million). The firm seeks to exit its investments through a trade sale or an IPO within three years to five years. Bio Fund Management Ltd. was founded in 1997 by Dr. Kalevi Kurkijärvi, Mr. Seppo Mäkinen, and Dr. Timo Petäjä and is based in Helsinki, Finland, with additional offices located in Copenhagen, Denmark and Turku, Finland.