Karolinska Development to divest portfolio company

2010-06-29 18:25:03 -

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@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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