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CardiNor Leads The Charge As Norway Gets Behind Life Sciences

 
• By Ashley Yeo

Norwegian start-up CardiNor is developing a new cardiovascular biomarker, and is hopeful of attracting cash in a country where investor traditions are undergoing some changes. The financial pressures caused by falling oil prices have brought renewed attention to life science companies.

A significant economic milestone was passed by the small European nation of Norway two years ago. In January 2014, the central bank’s sovereign wealth fund exceeded NKr5.1 trillion (some $828 billion) for the first time. That made each person in Norway’s 5.1 million population a Krone millionaire. On paper, at least.

Held in reserve for future generations, the fund has increased in value at exponential rates since the country struck North Sea oil in 1969. Keeping the fund intact – and...

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