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ATEL Ventures Portfolio Company, Adenosine Therapeutics to be Acquired by Clinical Data, Inc.

Publication: Business Wire
Publication Date: 02-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN FRANCISCO -- ATEL Ventures, a leading provider of secured financing to emerging growth companies, is pleased to announce that Clinical Data, Inc. has entered into an agreement to acquire Adenosine Therapeutics, an ATEL portfolio company. Clinical Data (Nasdaq:CLDA) paid $11 million in cash, and entered into a $22 million, five-year promissory note and a separate $3.2 million, 32-month promissory note to acquire the privately held Adenosine. Adenosine also stands to receive...



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