Tech Company M&A Transactions
Adenosine Therapeutics Acquisition
On 8/5/2008, Adenosine Therapeutics was bought by Clinical Data. Financial terms set the valuation at $36.2 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/5/2008
Transaction Type
M&A
Amount
$36,200,000
M&A Terms
Clinical Data 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. Contingent consideration of up to $30 million in cash may be paid on achievement of certain regulatory and commercial milestones.
Company Information
Company Status
Acquired or Merged
Industry
Biopharmaceutical
Mailing Address
P.O. Box 4632
Charlottesville, VA 22905
USA
Charlottesville, VA 22905
USA
Phone
Website
Email Address
Overview
Adenosine Therapeutics (AT), located in Charlottesville, VA, is a drug discovery and development company that was co-founded in 1999 by University of Virginia (UVa) Professor, Joel Linden and entrepreneur, Robert Capon (one of three cofounders of Virologic, NASDAQ: VLGC.)
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chairman
Joel Linden
Chief Executive Officer
Robert Capon
Chief Operating Officer
William Stilley
Controller
Robert Owen
Vice President
William Gray
Vice President
Robert Thompson
Vice President
Shannon Williams
VP - Manufacturing
Jayson Rieger
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