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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.

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