Any future dividend, and the size thereof, will be determined based on long-term growth, earnings trends and capital requirement of the company. It is the view of the Board of Directors that the company should prioritize progression of the development program and, up until a future commercial launch of Nefecon, the financial resources should mainly be used to finance the company’s development programs.

In view of the Calliditas financial position and negative earnings, the company’s Board of Directors does not intend to propose any dividend before the company generates long-term sustainable profit and positive cash flow. Dividends shall, as far as dividends are proposed, be balanced with regard to the business risk.