On 16 June 2025, SciBase Holding AB (publ) ("SciBase" or the "Company") announced that the Company's Board of Directors resolved, pursuant to the authorisation granted by the annual general meeting held on 13 June 2024, on a directed share issue, with deviation from the existing shareholders' preferential rights, of approximately SEK 19 million to Castle Biosciences, Inc. ("Castle Biosciences") (the "Directed Issue"). The subscription price in the Directed Issue amounted to SEK 0.40 per share. Castle Biosciences' undertaking to subscribe for shares in the Directed Issue was conditional upon a notification that the application is left without action or approval of the investment from the Swedish Inspectorate of Strategic Products (the "ISP"), pursuant to the Swedish Screening of Foreign Direct Investment Act (2023:560). ISP has notified that the application is left without action and all shares in the Directed Issue have now been subscribed for. The Board of Directors of SciBase has therefore today, on 1 August 2025, resolved on allocation of all shares in the Directed Issue.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN SCIBASE HOLDING AB (PUBL). SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
Allotment of shares Castle Biosciences' undertaking to subscribe for shares in the Directed Issue was conditional upon a notification that the application is left without action or approval of the investment from the ISP, pursuant to the Swedish Screening of Foreign Direct Investment Act (2023:560). ISP has notified that the application is left without action and all shares in the Directed Issue have now been subscribed for. The Board of Directors of SciBase has therefore today, on 1 August 2025, resolved to allot all shares in the Directed Issue to Castle Biosciences.
Number of shares and share capital
Through the Directed Issue, the Company's share capital will increase by SEK 2,394,347.50 through the issuance of 47,886,950 new shares. The Directed Issue entails a dilution for existing shareholders of approximately 11.6 percent of the total number of shares in the Company.
Advisors
Vator Securities is the financial advisor and Advokatfirman Schjødt is the legal advisor to SciBase in connection with the Directed Issue.
For additional information, please contact: Pia Renaudin, CEO, tel. +46732069802, email: [email protected]
The information was submitted for publication, through the agency of the contact persons set out above, at 09.00 CEST on 1 August 2025.
SciBase is a global medical technology company specialising in early detection and prevention in dermatology. SciBase develops and sells Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to improve diagnostic accuracy and thereby ensure the prevention of skin diseases.
Our commitment is to minimise patient suffering, enable doctors to improve and save lives through early detection and reduce healthcare costs.
Based on more than 20 years of research at Karolinska Institutet in Stockholm, SciBase is a leader in dermatological development.
The company is listed on Nasdaq First North Growth Market since 2 June 2015. For more information visit www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
The release, publication or distribution of this press release may, in certain jurisdictions, be restricted by law and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any SciBase securities in any jurisdiction, neither from SciBase nor from anyone else.
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared by the Company in connection with the Directed Issue.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland, the United States or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation.
The Company considers that it is engaged in activities worthy of protection under the FDI Act. In accordance with the FDI Act, the Company must inform prospective investors that the Company's activities may fall within the scope of the regulation and that the investment may be notifiable. In the event that an investment is notifiable, it must be notified to the Swedish Inspectorate for Strategic Products ("ISP") prior to its realization. An investment may be notifiable if (i) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, after the investment is made, holds voting rights equal to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the total voting rights in the Company, (ii) the investor acquires the Company through the investment and the investor any member of its ownership structure or any person on whose behalf the investor is acting, directly or indirectly, would hold 10 per cent or more of the total voting rights in the Company; and iii) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, would acquire through the investment a direct or indirect influence in the management of the Company. An administrative fine may be imposed on the investor if a notifiable investment is made before the ISP has either (i) decided to leave the notification without action or (ii) approved the investment. Each shareholder should consult an independent legal advisor regarding the possible application of the FDI Act in relation to the Rights Issue for the individual shareholder.
Forward-looking statements This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq First North Growth Market's Rule Book for Issuers.
SWEDEN - July 9, 2025 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of augmented intelligence-based solutions for skin disorders announced today that a private research university in south Florida will pilot the integration of Nevisense into their skin cancer detection workflow.
The pilot will further establish the optimal use of Nevisense for the early detection of skin cancer at point-of-care in all dermatological settings.
The University is globally recognized as leaders in the diagnosis and treatment of dermatological conditions and disorders of the skin. Their faculty includes a number of notable academics, including Nobel Prize recipients and globally recognized experts across nearly every academic discipline, and is classified among "Doctoral Universities: Very High Research Activity". In addition to research, the University maintains several university-wide research centers, including a data center that conducts data-driven research to identify solutions to various world problems and challenges, and a specialized European Center that serves as a consortium to promote and research economic, social, and political issues of interest to the European Union.
"We are honored to collaborate with such a prestigious and well-established educational and innovative University. The pilot will provide the University's patients access to the Nevisense test, and help clinicians attain optimal outcomes in early detection of skin cancer", said Pia Renaudin, CEO of SciBase.
About SciBase SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops, manufactures, and commercializes Nevisense, a unique point-of-care platform that combines AI and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
SWEDEN - July 7, 2025 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of augmented intelligence-based solutions for skin disorders, is pleased to announce that Palm Beach Dermatology Group has purchased Nevisense, diagnostic platform, to enhance early detection of melanoma. The initial order, which has been delivered, consists of 6 Nevisense and electrodes to an approximative total order value of KUSD 50 and will generate recurring electrodes sales.
For more than 30 years, Palm Beach Dermatology Group has been a leader in skin care. They focus on advanced treatments, putting patients first, and clinical research. By adding Nevisense, they now offer a non-invasive, AI-based diagnostic tool at point of care.
Melanoma, the deadliest form of skin cancer, remains a serious and growing public health concern in the United States. According to the American Cancer Society, an estimated 190,000 new cases of melanoma will be diagnosed in the U.S. in 2025. Tragically, approximately 8,290 people are expected to die from melanoma this year. However, early detection is key - when found at an early stage, melanoma has an almost 100% cure rate.
"At Palm Beach Dermatology Group, we are always looking to integrate the most innovative and evidence-based technologies into our practice," said Dr. Adam Plotkin, dermatologist and CEO of Palm Beach Dermatology Group. "Nevisense offers a layer of key diagnostic data that will help us detect melanoma at earlier stages, which can make a life-saving difference."
We're excited to have Palm Beach Dermatology Group join our growing network of clinical partners. Known for their excellent patient care and strong research program, it makes them an ideal champion for Nevisense in Florida. Together, we're setting a new standard for melanoma detection," said Pia Renaudin, CEO of SciBase.
Certified Advisor (CA): DNB Carnegie Investment Bank AB (publ) Phone: +46 (0)73 856 42 65 E-mail: [email protected]
About SciBase SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops, manufactures, and commercializes Nevisense, a unique point-of-care platform that combines AI and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015 and the company's Certified Adviser is Carnegie Investment Bank AB (publ). Learn more at www.scibase.com. For press releases and financial reports visit: http://investors.scibase.se/en/pressreleases
On 23 June 2025, SciBase Holding AB (publ) ("SciBase" or the "Company") announced that the Company's board of directors resolved, pursuant to the authorisation granted by the annual general meeting held on 17 June 2025, on a directed share issue, with deviation from the existing shareholders' preferential rights, of approximately SEK 11 million to Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB (the "Directed Issue"). The subscription price in the Directed Issue amounted to SEK 0.40 per share. All shares in the Directed Issue have been subscribed for and the board of directors has therefore today, on 30 June 2025, resolved to allot all shares in the Directed Issue.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN SCIBASE HOLDING AB (PUBL). SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
Allotment of shares All shares in the Directed Issue have been subscribed for and the board of directors has therefore today, on 30 June 2025, resolved to allot shares to Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB.
Number of shares and share capital
Through the Directed Issue, the Company's share capital will increase by SEK 1.400.000 through the issuance of 28,000,000 new shares. The Directed Issue entails a dilution for existing shareholders of approximately 7.6 percent of the total number of shares in the Company.
Advisors
Vator Securities is the financial advisor and Advokatfirman Schjødt is the legal advisor to SciBase in connection with the Directed Issue.
For additional information, please contact: Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
The information was submitted for publication, through the agency of the contact persons set out above, at 13.30 CEST on 30 June 2025.
SciBase is a global medical technology company specialising in early detection and prevention in dermatology. SciBase develops and sells Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to improve diagnostic accuracy and thereby ensure the prevention of skin diseases.
Our commitment is to minimise patient suffering, enable doctors to improve and save lives through early detection and reduce healthcare costs.
Based on more than 20 years of research at Karolinska Institutet in Stockholm, SciBase is a leader in dermatological development.
The company is listed on Nasdaq First North Growth Market since 2 June 2015. For more information visit www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
The release, publication or distribution of this press release may, in certain jurisdictions, be restricted by law and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any SciBase securities in any jurisdiction, neither from SciBase nor from anyone else.
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared by the Company in connection with the Directed Issue.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland, the United States or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation.
The Company considers that it is engaged in activities worthy of protection under the FDI Act. In accordance with the FDI Act, the Company must inform prospective investors that the Company's activities may fall within the scope of the regulation and that the investment may be notifiable. In the event that an investment is notifiable, it must be notified to the Swedish Inspectorate for Strategic Products ("ISP") prior to its realization. An investment may be notifiable if (i) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, after the investment is made, holds voting rights equal to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the total voting rights in the Company, (ii) the investor acquires the Company through the investment and the investor any member of its ownership structure or any person on whose behalf the investor is acting, directly or indirectly, would hold 10 per cent or more of the total voting rights in the Company; and iii) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, would acquire through the investment a direct or indirect influence in the management of the Company. An administrative fine may be imposed on the investor if a notifiable investment is made before the ISP has either (i) decided to leave the notification without action or (ii) approved the investment. Each shareholder should consult an independent legal advisor regarding the possible application of the FDI Act in relation to the Rights Issue for the individual shareholder.
Forward-looking statements This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq First North Growth Market's Rule Book for Issuers.
The board of directors of SciBase Holding AB (publ) ("SciBase" or the "Company") has today, in accordance with the intention published by the Company on 16 June 2025, pursuant to the authorisation granted by the annual general meeting held on 17 June 2025, resolved on a new share issue, with deviation from the existing shareholders' preferential rights, of approximately SEK 11 million to Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB (the "Directed Issue II", and, together with the directed issue to Castle Biosciences (the "Directed Issue I"), the "Directed Issues").
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTION IS WHOLLY OR PARTLY SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES IN SCIBASE HOLDING AB (PUBL). SEE ALSO SECTION "IMPORTANT INFORMATION" BELOW.
Background and motives
SciBase is a medical technology company specializing in early detection and prevention in dermatology through the commercialization of Nevisense. Nevisense is a patient-centric platform that combines AI (artificial intelligence) and advanced EIS (electrical impedance spectroscopy) technology to increase diagnostic accuracy and thereby ensure the prevention of skin diseases. By enabling doctors to make accurate diagnoses with greater precision, subsequent healthcare interventions can be initiated more quickly, improving the outlook for patients with serious conditions such as skin cancer.
SciBase has launched Nevisense in the US, which accounts for about three-quarters of the estimated market potential, and is therefore investing in establishing Nevisense as the industry standard. As part of this, the organization in the US subsidiary has been strengthened with several new sales resources and is now represented in five regions that support and drive sales. In 2024, sales growth in the US amounted to approximately 177 percent, and on a quarterly basis, sales growth in the US amounted to approximately 306 percent (Q1 2025 compared to Q1 2024). As an important part of the launch, SciBase is continuously working to build strong support among leading US physicians, known as KOLs (Key Opinion Leaders). In 2024, a US consensus report was published, authored by several KOLs, supporting the use of Nevisense for its ability to significantly improve the physician's diagnostic assessment. In addition, the Company is actively working to strengthen reimbursement structures for Nevisense among insurers and, in the long term, to have EIS and Nevisense included in clinical guidelines.
In the Company's second business area, which focuses on the skin barrier with an emphasis on atopic dermatitis, the Company intends to invest in further product development based on the knowledge generated in collaboration with the numerous revenue-generating research partnerships that the Company has entered into. Furthermore, the Company has today announced that it has entered into a collaboration and license agreement with Castle Biosciences to develop diagnostic tests for dermatological diseases using the Company's Electrical Impedance Spectroscopy (EIS) technology. The initial goal of the collaboration is to develop a test that predicts flares in patients diagnosed with atopic dermatitis (AD). The method will be based on SciBase’s EIS technology and specifically, Nevisense, inclusive of both the desktop and point-of care devices.
In order to finance the above market initiatives, the Company has decided to carry out the Directed Issues, where the net proceeds are intended to be used to finance: (i) commercialization and cost reimbursement growth in the US, (ii) investments in production and product development, and (iii) working capital for other ongoing operations, such as sales, marketing, production, and capital commitments.
The Directed Issues
On 16 June 2025, the Company announced that the board of directors had resolved on the Directed Issue I. Through the Directed Issue I, SciBase will receive proceeds of approximately SEK 19 million before deduction of issue costs through the issuance of no more than 47,886,950 new shares.
Castle Biosciences has, in accordance with what the Company announced on 16 June 2025, undertaken to subscribe for all shares in the Directed Issue I. However, the undertaking is conditional upon approval of the investment from the Swedish Inspectorate of Strategic Products pursuant to the Swedish Screening of Foreign Direct Investment Act (2023:560). Castle Biosciences shall subscribe and pay for the new shares no later than three business days after this condition has been fulfilled. The outcome of the Directed Issue I will be announced no later than in August 2025.
Today, the board of directors has, pursuant to the authorisation granted by the annual general meeting held on 17 June 2025, resolved on the Directed Issue II of approximately SEK 11 million to the existing shareholders Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB, on otherwise the same terms and conditions as in the Directed Issue I. Through the Directed Issue II, a maximum of 28,000,000 new shares may be issued. Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB have undertaken to subscribe for all shares in the Directed Issue II. The reason why existing shareholders have been included among those eligible to subscribe in the Directed Issue II is that these owners have expressed and demonstrated a long-term interest in the Company, which according to the board creates security and stability for both the Company and its shareholders.. Subscription and payment for the shares in the Directed Issue II shall take place no later than on 30 June 2025. The outcome of the Directed Issue II will be announced on or around 2 July 2025.
The subscription price in the Directed Issues amounts to SEK 0.40 per share, which corresponds to the volume-weighted average price of the Company's share during the 30 trading days up until 13 June 2025 and a premium of approximately 7 per cent in relation to the closing price of the Company's share on 16 June 2025. The subscription price in the Directed Issues has been determined by the board of directors based on negotiations with the investors at arm's length, whereby the board of directors has considered several factors such as the market situation, the Company's financial needs, alternative cost for other financing alternatives, customary discount in connection with directed share issues and assessed market interest for an investment in the Company. It is the board of directors' assessment, based on the aforementioned factors, that the subscription price reflects current market conditions and current demand and thus is market-based.
Through the Directed Issues, the number of shares in SciBase may increase by a maximum of 75,886,950 shares, from a total of 338,295,633 shares to a total of 414,182,583. Through the Directed Issues, the share capital in the Company may increase by a maximum of SEK 3,794,347.50, from SEK 16,914,781.65 to SEK 20,709,129.15. The Directed Issues entail a dilution for existing shareholders of a maximum of approximately 18.3 per cent of the number of shares and votes in the Company.
The subscription undertakings are not secured by bank guarantees, escrow funds, pledging or similar arrangements.
Deviation from the shareholders' preferential rights
The board of directors has considered the possibility of raising capital through a rights issue and has concluded — among other things, based on discussions with some of the Company’s larger shareholders — that there are currently insufficient conditions to carry out a rights issue in a manner advantageous to the Company and its shareholders. Moreover, a rights issue would be significantly more time- and resource-intensive, particularly due to work and costs associated with underwriting processes and underwriting fees. Through the Company’s intensive efforts, the Directed Issues can be executed in a time- and cost-efficient manner, with what the board considers to be a favourable outcome. Furthermore, the Company wishes to broaden its base of strategic and professional owners with the capacity to participate in any future capital raisings and to otherwise promote the Company’s development. In the prevailing uncertain and volatile environment and market — where the conditions for capital raising can rapidly change — the Company wishes to seize the opportunity for a capital raising from the strategic and professional investors that is beneficial to both the Company and its shareholders, which the board now deems to be at hand. In light of this, the board’s overall assessment is that it is in the interests of the Company and its shareholders to carry out the new share issue with a deviation from the main rule regarding the shareholders’ preferential rights.
Advisors
Vator Securities is acting as financial advisor and Advokatfirman Schjødt is acting as legal advisor to SciBase in connection with the Directed Issues.
For more information, please contact: Pia Renaudin, CEO, tel. +46732069802, e-mail: [email protected]
The information was submitted for publication on 23 June 2025 at 18.00 CEST by the contact person above.
About SciBase SciBase is a global medical technology company specialising in early detection and prevention in dermatology. SciBase develops and sells Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to improve diagnostic accuracy and thereby ensure the prevention of skin diseases.
Our commitment is to minimise patient suffering, enable doctors to improve and save lives through early detection and reduce healthcare costs.
Based on more than 20 years of research at Karolinska Institutet in Stockholm, SciBase is a leader in dermatological development.
The company is listed on Nasdaq First North Growth Market since 2 June 2015. For more information visit www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
The release, publication or distribution of this press release may, in certain jurisdictions, be restricted by law and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any SciBase securities in any jurisdiction, neither from SciBase nor from anyone else.
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared by the Company in connection with the Directed Issues.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland, the United States or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation.
The Company considers that it is engaged in activities worthy of protection under the FDI Act. In accordance with the FDI Act, the Company must inform prospective investors that the Company's activities may fall within the scope of the regulation and that the investment may be notifiable. In the event that an investment is notifiable, it must be notified to the Swedish Inspectorate for Strategic Products ("ISP") prior to its realization. An investment may be notifiable if (i) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, after the investment is made, holds voting rights equal to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the total voting rights in the Company, (ii) the investor acquires the Company through the investment and the investor any member of its ownership structure or any person on whose behalf the investor is acting, directly or indirectly, would hold 10 per cent or more of the total voting rights in the Company; and iii) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, would acquire through the investment a direct or indirect influence in the management of the Company. An administrative fine may be imposed on the investor if a notifiable investment is made before the ISP has either (i) decided to leave the notification without action or (ii) approved the investment. Each shareholder should consult an independent legal advisor regarding the possible application of the FDI Act in relation to the Rights Issue for the individual shareholder.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq First North Growth Market's Rule Book for Issuers.
Today, the annual general meeting 2025 has been held in SciBase Holding AB (publ) ("SciBase" or the "Company"). The general meeting resolved in accordance with the proposals presented in the notice to convene the meeting (which is available on the Company's website (www.scibase.com)).
The annual general meeting resolved:
to adopt the profit and loss statement and the balance sheet and the group profit and loss statement and the group balance sheet for the financial year 2024;
that no dividend shall be paid for the financial year 2024 and that the year's result shall be carried forward;
to grant the board members and the CEO discharge from liability for the financial year 2024;
that the board of directors shall consist of four ordinary members without deputy members and that a registered accounting firm shall be elected as auditor;
that the fees payable to the board of directors for the period until the end of the next annual general meeting shall be SEK 404,000 for the chairman of the board and SEK 135,000 to each of the other ordinary board members (who are not employed by a larger shareholder in the Company) and that fees payable to the auditor is to be paid in accordance with approved invoices;
for the period until the end of the next annual general meeting, to re-elect Jesper Høiland, Robert Molander and Diana Ferro as board members and to elect Anna Eriksrud as new board member, to re-elect Jesper Høiland as chairman of the board of directors and to elect the auditing firm Öhrlings PricewaterhouseCoopers AB as auditor for the Company, with Magnus Lagerberg as auditor incharge;
to adopt principles for the appointment of a nomination committee;
to implement an incentive program consisting of a directed issue of warrants and approval of transfer of warrants for the fulfillment of the Company's obligations under the incentive program;
to amend the article of association to amend the limits of the Company's share capital and number of shares. Following the amendment, the share capital shall amount to at least SEK 16,914,781.65 and not more than SEK 67,659,126.60 and the number of shares shall be not less than 338,295,633 and not more than 1,353,182,532; and
to authorize the board of directors to increase the share capital through issuance of new shares, warrants and/or convertible debentures. Through issuances resolved upon with support from the authorisation - with deviation from the shareholders' preferential rights - the number of shares issued, or number of shares created in connection with exercise of warrants or conversion of convertibles, shall correspond to not more than a 30 per cent dilution of the share capital and the number of shares and votes in the Company after such issue(s).
Information regarding the newly elected board members' education, experience, assignments and independence can be found on the Company's website https://investors.scibase.se/sv/bolagsstyrning/bolagsstammor.
For additional information, please contact: Pia Renaudin, CEO
Phone: +46 732 069 802
E-mail: [email protected]
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops, manufactures, and commercializes Nevisense, a unique point-of-care platform that combines AI and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. For press releases and financial reports visit: http://investors.scibase.se/en/pressreleases
The board of directors of SciBase Holding AB (publ) ("SciBase" or the "Company") has today, pursuant to the authorisation granted by the annual general meeting held on 13 June 2024, resolved on a new share issue, with deviation from the existing shareholders' preferential rights, of approximately SEK 19 million to Castle Biosciences, Inc ("Castle Biosciences") (the "Directed Issue I"). In addition, the board of directors of SciBase intends, provided that the annual general meeting of the Company on 17 June 2025 resolves to authorise the board of directors to resolve on new issues, to resolve on an additional directed issue of approximately SEK 11 million to Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB (the "Directed Issue II", and, together with the Directed Issue I, the "Directed Issues").
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTION IS WHOLLY OR PARTLY SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES IN SCIBASE HOLDING AB (PUBL). SEE ALSO SECTION "IMPORTANT INFORMATION" BELOW.
"We are very proud and pleased with both the previously announced collaboration agreement with Castle Biosciences and the fact that they are also becoming a major shareholder in SciBase. We believe this is the best outcome for SciBase and our shareholders, and we can now reach the market faster with new indications and continue to pursue our chosen strategy. In addition to Castle Biosciences, we are also very pleased to further strengthen our ownership base through an increased engagement from Danish specialist investor Life Science Invest. I am also delighted with the continued support from Haga Gruppen and Ribbskottet.", says Jesper Høiland, Chairman of the Board, SciBase.
"Adding Castle Biosciences to our shareholder base and seeing Life Science Invest (LSI) become a major shareholder we think is a statement of strength and we believe this is very positive for all shareholders. With the collaboration agreement with Castle Biosciences, we are well positioned to deliver on our strategy of a continued expansion phase with a strong focus on the US market, where we see strong growth and high interest among clinics. We welcome our new investors and thank our existing shareholders for their continued support.", says Pia Renaudin, CEO, SciBase
“We have been following SciBase for some time, and in our decision process, we have had the opportunity to meet with the American team and very influential KOL’s at a dermatology congress in Miami. They really impressed us and together with a highly competent CEO in Pia Renaudin, whose team delivers tangible progress also in other markets ensuring Scibase is not depending on the USA alone in these unpredictable times, we had no hesitation to accept this invite to become a significant shareowner. SciBase is a perfect fit for our portfolio, and we look forward to support the company on its path to profitability, and we feel confident, that SciBase has the potential to fulfil our high expectations on a 3 years horizon.”, says Jan Poulsen, CEO of Life Science Invest Fund.
Background and motives
SciBase is a medical technology company specializing in early detection and prevention in dermatology through the commercialization of Nevisense. Nevisense is a patient-centric platform that combines AI (artificial intelligence) and advanced EIS (electrical impedance spectroscopy) technology to increase diagnostic accuracy and thereby ensure the prevention of skin diseases. By enabling doctors to make accurate diagnoses with greater precision, subsequent healthcare interventions can be initiated more quickly, improving the outlook for patients with serious conditions such as skin cancer.
SciBase has launched Nevisense in the US, which accounts for about three-quarters of the estimated market potential, and is therefore investing in establishing Nevisense as the industry standard. As part of this, the organization in the US subsidiary has been strengthened with several new sales resources and is now represented in five regions that support and drive sales. In 2024, sales growth in the US amounted to approximately 177 percent, and on a quarterly basis, sales growth in the US amounted to approximately 306 percent (Q1 2025 compared to Q1 2024). As an important part of the launch, SciBase is continuously working to build strong support among leading US physicians, known as KOLs (Key Opinion Leaders). In 2024, a US consensus report was published, authored by several KOLs, supporting the use of Nevisense for its ability to significantly improve the physician's diagnostic assessment. In addition, the Company is actively working to strengthen reimbursement structures for Nevisense among insurers and, in the long term, to have EIS and Nevisense included in clinical guidelines.
In the Company's second business area, which focuses on the skin barrier with an emphasis on atopic dermatitis, the Company intends to invest in further product development based on the knowledge generated in collaboration with the numerous revenue-generating research partnerships that the Company has entered into. Furthermore, the Company has today announced that it has entered into a collaboration and license agreement with Castle Biosciences to develop diagnostic tests for dermatological diseases using the Company's Electrical Impedance Spectroscopy (EIS) technology. The initial goal of the collaboration is to develop a test that predicts flares in patients diagnosed with atopic dermatitis (AD). The method will be based on SciBase’s EIS technology and specifically, Nevisense, inclusive of both the desktop and point-of care devices.
In order to finance the above market initiatives, the Company has decided to carry out the Directed Issues, where the net proceeds are intended to be used to finance: (i) commercialization and cost reimbursement growth in the US, (ii) investments in production and product development, and (iii) working capital for other ongoing operations, such as sales, marketing, production, and capital commitments.
The Directed Issues
The board of directors has, pursuant to the authorisation granted by the annual general meeting held on 13 June 2024, resolved on the Directed Issue I. Through the Directed Issue I, SciBase will receive proceeds of approximately SEK 19 million before deduction of issue costs through the issuance of no more than 47,886,950 new shares.
Castle Biosciences has undertaken to subscribe for all shares in the Directed Issue I. However, the undertaking is conditional upon approval of the investment from the Swedish Inspectorate of Strategic Products pursuant to the Swedish Screening of Foreign Direct Investment Act (2023:560). Castle Biosciences shall subscribe and pay for the new shares no later than three business days after this condition has been fulfilled. The outcome of the Directed Issue I will be announced no later than in August 2025.
In addition, the board of directors of SciBase intends, provided that the annual general meeting of the Company on 17 June 2025 resolves to authorise the board of directors to resolve on new issues, to resolve on the Directed Issue II of approximately SEK 11 million to the existing shareholders Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB, on otherwise the same terms and conditions as in the Directed Issue I. Through the Directed Issue II, a maximum of 28,000,000 new shares may be issued. Haga Gruppen Holding AB, Life Science Invest Fund 1 ApS and Ribbskottet AB have undertaken to subscribe for all shares in the Directed Issue II. The reason why existing shareholders have been included among those eligible to subscribe in the Directed Issue II is that these owners have expressed and demonstrated a long-term interest in the Company, which according to the board creates security and stability for both the Company and its shareholders. Provided that the annual general meeting resolves to authorise the board of directors to resolve on new issues, the board of directors will resolve on the Directed Issue II on or around 23 June 2025. Subscription and payment for the shares in the Directed Issue II shall take place no later than on 30 June 2025. The outcome of Directed Issue II will be announced on or around 2 July 2025.
The subscription price in the Directed Issues amounts to SEK 0.40 per share, which corresponds to the volume-weighted average price of the Company's share during the 30 trading days up until 13 June 2025 and a premium of approximately 7 per cent in relation to the closing price of the Company's share on 16 June 2025. The subscription price in the Directed Issues has been determined by the board of directors based on negotiations with the investors at arm's length, whereby the board of directors has considered several factors such as the market situation, the Company's financial needs, alternative cost for other financing alternatives, customary discount in connection with directed share issues and assessed market interest for an investment in the Company. It is the board of directors' assessment, based on the aforementioned factors, that the subscription price reflects current market conditions and current demand and thus is market-based.
Through the Directed Issues, the number of shares in SciBase may increase by a maximum of 75,886,950 shares, from a total of 338,295,633 shares to a total of 414,182,583. Through the Directed Issues, the share capital in the Company may increase by a maximum of SEK 3,794,347.50, from SEK 16,914,781.65 to SEK 20,709,129.15. The Directed Issues entail a dilution for existing shareholders of a maximum of approximately 18.3 per cent of the number of shares and votes in the Company.
The subscription undertakings are not secured by bank guarantees, escrow funds, pledging or similar arrangements.
Deviation from the shareholders' preferential rights
The board of directors has considered the possibility of raising capital through a rights issue and has concluded — among other things, based on discussions with some of the Company’s larger shareholders — that there are currently insufficient conditions to carry out a rights issue in a manner advantageous to the Company and its shareholders. Moreover, a rights issue would be significantly more time- and resource-intensive, particularly due to work and costs associated with underwriting processes and underwriting fees. Through the Company’s intensive efforts, the Directed Issues can be executed in a time- and cost-efficient manner, with what the board considers to be a favourable outcome. Furthermore, the Company wishes to broaden its base of strategic and professional owners with the capacity to participate in any future capital raisings and to otherwise promote the Company’s development. In the prevailing uncertain and volatile environment and market — where the conditions for capital raising can rapidly change — the Company wishes to seize the opportunity for a capital raising from the strategic and professional investors that is beneficial to both the Company and its shareholders, which the board now deems to be at hand. In light of this, the board’s overall assessment is that it is in the interests of the Company and its shareholders to carry out the new share issue with a deviation from the main rule regarding the shareholders’ preferential rights.
Advisors
Vator Securities is acting as financial advisor and Advokatfirman Schjødt is acting as legal advisor to SciBase in connection with the Directed Issues.
For more information, please contact: Pia Renaudin, CEO, tel. +46732069802, e-mail: [email protected]
The information was submitted for publication on 16 June 2025 at 22.35 CEST by the contact person above.
About SciBase SciBase is a global medical technology company specialising in early detection and prevention in dermatology. SciBase develops and sells Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to improve diagnostic accuracy and thereby ensure the prevention of skin diseases.
Our commitment is to minimise patient suffering, enable doctors to improve and save lives through early detection and reduce healthcare costs.
Based on more than 20 years of research at Karolinska Institutet in Stockholm, SciBase is a leader in dermatological development.
The company is listed on Nasdaq First North Growth Market since 2 June 2015. For more information visit www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
The release, publication or distribution of this press release may, in certain jurisdictions, be restricted by law and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any SciBase securities in any jurisdiction, neither from SciBase nor from anyone else.
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared by the Company in connection with the Directed Issues.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland, the United States or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation.
The Company considers that it is engaged in activities worthy of protection under the FDI Act. In accordance with the FDI Act, the Company must inform prospective investors that the Company's activities may fall within the scope of the regulation and that the investment may be notifiable. In the event that an investment is notifiable, it must be notified to the Swedish Inspectorate for Strategic Products ("ISP") prior to its realization. An investment may be notifiable if (i) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, after the investment is made, holds voting rights equal to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the total voting rights in the Company, (ii) the investor acquires the Company through the investment and the investor any member of its ownership structure or any person on whose behalf the investor is acting, directly or indirectly, would hold 10 per cent or more of the total voting rights in the Company; and iii) the investor, any member of its ownership structure or any person on whose behalf the investor is acting, would acquire through the investment a direct or indirect influence in the management of the Company. An administrative fine may be imposed on the investor if a notifiable investment is made before the ISP has either (i) decided to leave the notification without action or (ii) approved the investment. Each shareholder should consult an independent legal advisor regarding the possible application of the FDI Act in relation to the Rights Issue for the individual shareholder.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq First North Growth Market's Rule Book for Issuers.
STOCKHOLM, Sweden - June 16, 2025 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of AI-based diagnostic solutions for skin disorders, today announced it has signed a collaboration and license agreement with Castle Biosciences (Nasdaq: CSTL), a US-based leader in molecular diagnostics. The initial goal of the collaboration is to develop a test that predicts flares in patients diagnosed with atopic dermatitis (AD). The method will be based on SciBase's EIS technology and specifically, Nevisense, inclusive of both the desktop and point-of care devices.In connection with the collaboration and license agreement, SciBase intends to carry out a directed share issue of approximately SEK 30 million, of which Castle Bioscienceshas undertaken to subscribe for shares corresponding to a total amountof approximately SEK 19 million. The subscription price in the directed share issue corresponds to SEK 0.40 per share. Additional information regarding the directed share issue will be announced through a separate press release in connection with this press release.
Under the collaboration and license agreement, the Companies will jointly explore and develop various clinical indications related to dermatologic diseases. SciBase's initial territory will be the EU, Switzerland, United Arab Emirates, Japan and South Korea, while Castle Biosciences' initial territory will be North America. Assuming development success, SciBase will receive a single-digit royalty percentage on the Castle gross margin as well as a low double-digit percentage mark-up on product sales to Castle. SciBase will also receive a milestone payment of 5 million U.S. dollars when Castle sales reach 50 million U.S. dollars annually. While the development agreement calls for sharing of development costs, SciBase will be deferring its clinical development costs for the initial indication of pre-symptomatically predicting flares in patients diagnosed with atopic dermatitis, with reimbursement being made from future royalty and milestone payments.
"This collaboration with Castle Biosciences is exciting for SciBase," said Pia Renaudin, CEO of SciBase. "It will accelerate the use of Nevisense within the skin barrier health market. It will rapidly broaden our already existing clinical studies pipeline by increasing the number of studies, ultimately speeding up access to more effective therapies for patients with skin barrier dysfunction. We are also pleased to welcome Castle as a shareholder in SciBase."
"We are excited to expand our commitment to the dermatologic community, clinicians and patients alike, with the signing of this agreement," said Derek Maetzold, CEO of Castle Biosciences. "Atopic dermatitis is a disease that impacts a significant number of lives, worldwide. We are excited about this opportunity to work with SciBase to develop a test that could improve the management of patients diagnosed with this disease, and potentially other dermatologic diseases. We believe this is a good fit for us, with our existing commercial portfolio of tests in skin cancers, as well as our pipeline test in development for use in patients diagnosed with moderate-to-severe AD who are seeking systemic treatment - the majority of which are managed by the same dermatological clinician."
In connection with the collaboration and license agreement, SciBase intends to carry out a directed share issue of approximately SEK 30 million. The subscription price in the directed share issue corresponds to SEK 0.40 per share. Castle Biosciences has undertaken to subscribe for 47,886,950 shares in the directed share issue, corresponding to approximately SEK 19 million. Through the directed share issue, Castle Biosciences is becoming one of SciBase's largest shareholders. Additional information regarding the directed share issue will be announced through a separate press release in connection with this press release and will be available at: https://investors.scibase.se/en/releases
About Skin Barrier Dysfunction
Skin barrier dysfunction is a key contributing factor to a wide range of skin disorders - including atopic dermatitis, psoriasis, ichthyosis, rosacea, and even acne. Estimates suggest that over 500 million people globally are affected by conditions in which skin barrier impairment plays a central role.
Estimated global prevalence by condition includes:
Atopic dermatitis (eczema): ~223 million1)
Psoriasis: ~125 million2)
Rosacea: ~400 million (many with impaired barrier function)3)
Additionally, a wide range of cosmetic and subclinical skin concerns-such as dryness, irritation, and product sensitivity-are linked to mild or temporary skin barrier disruption. These milder forms may affect over a billion people globally at some point in their lives.
This information is information that SciBase Holding AB is obliged to make public pursuantto the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 22.30 CEST on June 16, 2025.
About Castle Biosciences Castle Biosciences (Nasdaq: CSTL) is a leading diagnostics company improving health through innovative tests that guide patient care. The Company aims to transform disease management by keeping people first: patients, clinicians, employees and investors.
Castle's current portfolio consists of tests for skin cancers, Barrett's esophagus and uveal melanoma. Additionally, the Company has active research and development programs for tests in these and other diseases with high clinical need, including its test in development to help guide systemic therapy selection for patients with moderate-to-severe atopic dermatitis seeking biologic treatment. To learn more, please visit www.CastleBiosciences.com and connect with us on LinkedIn, Facebook, X and Instagram.
DNB Carnegie Investment Bank AB (publ)
Tel: +46 (0)73 856 42 65
E-mail: [email protected]
About SciBase and Nevisense SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to enhance diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015 and the company's Certified Adviser is Carnegie Investment Bank AB (publ). Learn more at www.scibase.com. For press releases and financial reports visit: http://investors.scibase.se/en/pressreleases
SWEDEN - June 9, 2025 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of augmented intelligence-based solutions for skin disorders, today announced the launch of the Nevisense Self-Pay Program in the US, a new initiative designed to improve patient access to the Nevisense test outside of traditional insurance coverage. The program is being implemented at dermatology practices enrolled in the self-pay solution and addresses increasing demand for the Nevisense test directly from patients and dermatologists. SciBase has enrolled several practices located throughout the US and plans to further expand the program to meet clinician and patient needs.
Driven by evolving standards of care and a growing clinical emphasis on early detection, dermatologists have shown a strong interest in making Nevisense available to patients irrespective of payer status. The new Self-Pay Program empowers clinicians to incorporate Nevisense into their diagnostic workflow sooner - ensuring that patients at risk for melanoma are not left waiting due to insurance limitations.
"We continue to work diligently to expand payer coverage and reimbursement, but we also recognize the urgent need for early detection," said Pia Renaudin, CEO of SciBase. "The Self-Pay Program is a critical step in making Nevisense more widely available to clinicians and patients who value early, accurate melanoma detection at the point of care."
As melanoma rates continue to rise globally, the importance of early diagnosis has never been greater. Nevisense offers a point-of-care solution that enhances clinical decision-making and supports earlier detection - ultimately improving outcomes and reducing the long-term burden on healthcare systems.
With the introduction of the Self-Pay Program, SciBase is reinforcing its commitment to innovation, access, and sustainable healthcare. The initiative enables more patients to benefit from Nevisense while helping clinicians deliver exceptional care through early melanoma detection.
Certified Advisor (CA): DNB Carnegie Investment Bank AB (publ) Phone: +46 (0)73 856 42 65 E-mail: [email protected]
About SciBase SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops, manufactures, and commercializes Nevisense, a unique point-of-care platform that combines AI and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015 and the company's Certified Adviser is Carnegie Investment Bank AB (publ). Learn more at www.scibase.com. For press releases and financial reports visit: http://investors.scibase.se/en/pressreleases
SWEDEN - June 4, 2025 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of augmented intelligence-based solutions for skin disorders, today announced its first order from an Italian dermatology practice, marking a major step forward in the company's European expansion strategy. This follows the registration of Nevisense in Italy in February and the launch of the regional Italian version in April.
The order comes from Studio Fabbrocini a prominent dermatology center located in Naples, Italy,
"I am very proud to be part of a lifesaving project to address the critical issue of melanoma in Italy. I firmly believe Kilabs will play a crucial role in securing appropriate deployment of Nevisense thanks to our high expertise and introduction in the field", says Michelangelo Simonelli CEO of Kilabs Srl.
"I am delighted to announce our first sale achieved by our esteemed Italian partner. This achievement marks a significant milestone in our shared commitment to driving innovation and excellence. Together, we are advancing healthcare solutions that will bring immense benefits to patients and pave the way for a healthier future, says Pia Renaudin, CEO of SciBase.
Certified Advisor (CA): DNB Carnegie Investment Bank AB (publ) Phone: +46 (0)73 856 42 65 E-mail: [email protected]
About SciBase SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops, manufactures, and commercializes Nevisense, a unique point-of-care platform that combines AI and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015 and the company's Certified Adviser is Carnegie Investment Bank AB (publ). Learn more at www.scibase.com. For press releases and financial reports visit: http://investors.scibase.se/en/pressreleases
About Kilabs
Kilabs is an organization dedicated to advancing research, development and access to cutting-edge solutions in specialized medical fields. https://www.kilabspharma.it/en/
