Karolinska Development to divest portfolio company
(Thomson Reuters ONE) -
STOCKHOLM, June 29, 2010. Today, Karolinska Development has divested Cogmed, one
of Karolinska Development's portfolio companies, to Pearson where it will become
part of Pearson's Clinical Assessment business. Karolinska Development and other
owners will receive an up front payment, as well as tiered royalties up to
double digit levels until June 2012 on Cogmed sales. Karolinska Development
holds 51.83 percent of Cogmed. Pearson will take possession on June 29, 2010.
The financial details of the acquisition have not been disclosed.
Redwood Capital Group acted as exclusive financial advisor to Cogmed in
connection with the transaction.
For further information, please contact:
Conny Bogentoft, CEO Karolinska Development
Tel: +46 (0) 706 88 61 43, e-mail:conny.bogentoft(at)karolinskadevelopment.com
TO THE EDITORS
About Karolinska Development
Karolinska Development manages one of the largest portfolios of life science
companies in Europe. Using a unique, highly cost efficient business model, the
management team guides the commercialization of world class life science
innovations, helping to shape the next generation Pharma industry. Since 2003,
Karolinska Development has built a portfolio of some 40 companies; among the
company's projects 12 compounds are undergoing clinical trials. The portfolio
contains a total of 21 potential first-in-class
products.www.karolinskadevelopment.com
About Cogmed
Cogmed was founded in 2001. The company provides scientifically developed and
clinically validated software based working memory training products for people
with attention deficits. Further, Cogmed supports Swedish and international
research within working memory training.www.cogmed.com
About Pearson Clinical Assessment
www.pearsonassessments.com
About Redwood Capital
Redwood Capital Group is an investment banking firm serving the technology,
communications and media & business services industries. The firm focuses on
mergers & acquisitions, debt and equity financings, and financial advisory
services for its clients worldwide.www.redcapgroup.com
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Source: Karolinska Development AB (publ) via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2010 - 18:07 Uhr
Sprache: Deutsch
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