ViroGates Publishes Prospectus for Public Offering

Mon Jun 04 2018

ViroGates publishes prospectus for its initial public offering in Copenhagen.

ViroGates intends to strengthen its capital structure to intensify the continued commercial roll-out of its products and strengthen its product development, clinical documentation and global patent coverage.

ViroGates therefore today publishes the prospectus for an offering of new shares and subsequent admission to trading and listing of the shares on Nasdaq First North in Denmark.

The offering will provide ViroGates with gross proceeds of DKK 60-75 million of which commitments of DKK 53.7 million have been obtained from Scandinavian cornerstone investors, including the Danish Growth Fund.

The proceeds from the offering are primarily expected to be used for:
• 60-70% for commercial execution, i.e. building a sales organization in the European markets, as well as establishing commercial partnerships in selected markets
• 10-20% to secure necessary product development
• 5-10% to generate additional clinical documentation
• 5-10% to secure the global coverage of the most recently filed patent on the use of suPARnostic® in emergency department

The objective is for the business to be cash flow positive by the end of 2020 and at this point have 40 hospitals as paying customers.

More information to be found in ViroGates´ announcement published on June 4 here;

Read more in the press reviews here (in Danish):

Børsen; Medicoselskab med Coloplast-milliardærer i ryggen vil på børsen; Medicoselskab vil på børsen

MedWatch; ViroGates går på børsen i København

Berlingske; Coloplast-milliardærer bag ny børsnotering


published suPAR studies in leading medical journals

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The suPARnostic® brand consists of 3 products:

Quick Triage

A Point of Care Solution


For Automated Systems


Clinical and Research

suPAR is used in clinical routine in 48 hospitals

48 hospitals use suPAR in clinical routine for triage of patients in the Emergency Departments and COVID-19 units. Clinical routine is defined by the placement of two Purchasing Orders within the last 12 months rolling.
This period covers January 1, 2022, until December 31, 2022. Some hospital locations cannot be disclosed due to confidentiality.

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