| Published July 1, 2025

BerGenBio and Oncoinvent plan merger

BergenBio and Oncoinvent has signed an agreement for a merger in which BerGenBio will become the acquiring company. The merger, which values ​​BerGenBio at NOK 65 million and Oncoinvent at NOK 195,5 million, is followed by a guaranteed rights issue of NOK 130 million. The issue will finance Oncoinvent's clinical development of Radspherin until 2027. The merger is supported by the major owners Meteva and Hadean Ventures, and is expected to be completed in September 2025.