Antisense Pharma Completes Round of Financing Worth Approximately 8 Million Euro

Founding Shareholders Facilitate the Participation of New Investors

12-Jul-2011 - Germany

Antisense Pharma announced that MIG Funds 2, 3 and 9 as well as GAF have increased their share capital by approximately 8 million euro. In addition, the current Chief Execute Officer (CEO), Dr. Karl-Hermann Schlingensiepen changed from the operative management of Antisense Pharma to a strategic advisory position closely associated with the company as of July 1. Dr. Karl-Hermann Schlingensiepen and the investors developed this solution together.

Until the CEO successor is named, Dr. Hubert Heinrichs, Managing Director and Chief Medical Officer of Antisense Pharma, will assume the position as Acting CEO. Dr. Heinrichs was intensively involved in the current round of financing and he has the investors’ full confidence for the management of all commercial and scientific areas of the company in a competent and target-oriented manner. Dr. Heinrichs, the entire team of Antisense Pharma and administrative board of directors all express their sincere thanks to Dr. Karl-Hermann Schlingensiepen for his excellent performance and dedication to the company.

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