MedWatch

CEO of Pila Pharma increases share holding to over a third

Dorte X. Gram, the founder and CEO of Danish-Swedish Pila Pharma has purchased shares in the diabetes firm, giving her 31-percent ownership. The price per share was less than in summer when the firm went public, and Gram says that at the current price, there is "no better investment than this one."

Photo: Jenny Leyman / Pila Pharma / PR

On Monday this week, CEO Dorte X. Gram's belief in Pila Pharma's future manifested itself strongly, as she purchased a considerable portion of shares increasing her ownership to almost a third, the firm reported in a press release on Tuesday.

The former Novo Nordisk researcher founded the diabetes firm in 2016 with the focus on developing a tablet treatment for type 2 diabetes. With her purchase of 31,570 shares at SEK 6.5 (USD 0.75) per share, she now owns 31.25 percent of shares in Pila Pharma, which went public on the Nasdaq First North Growth Market in summer.

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