Sweden's Sobi issues notes to raise up to a billion dollars

26 April 2024

Swedish Orphan Biovitrum (STO: SOBI), a rare disease company also known as Sobi, is set to raise around 10 billion Swedish kronor ($920 million) in debt.

A specialist in hematology, immunology and specialty care, Sobi employs almost 2,000 people globally and generates around $2 billion in annual revenues.

The company has been strengthening its position in rare hematology, including with the $1.7 billion acquisition of USA-based CTI BioPharma, the developer of Vonjo (pacritinib).

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