Investor AB invests 20 million dollar in Molecular Staging

Investor AB invests $ 20 million in Molecular Staging Investor has, via its wholly owned subsidiary Investor Growth Capital, invested $20 million in the life sciences tool company Molecular Staging. The total Series D preferred stock financing was $41.25 million. OrbiMed, CIBC Capital Partners and Cooper Hill Partners were other investors in this round. Molecular Staging Inc. is a private, life sciences tool company developing a portfolio of technologies for the detection and measurement of proteins and nucleic acids across a broad range of applications, including proteomics, genomics, pharmacogenomics and diagnostics. MSI's core technology is Rolling Circle Amplification Technology (RCAT ), an isothermal amplification process for detecting and measuring all classes of biomolecules including protein, DNA, and RNA. For further information: Investor AB Liza Page Nelson, Managing Director Investor Growth Capital +1 212 515 90 00, e-mail: liza.page.nelson@investorab.com About Investor AB Investor AB of Sweden participated in the offering through Investor Growth Capital, Inc., its healthcare, information technology and telecommunications private equity and venture capital investment group. Investor AB is a long-term active shareholder in a number of global companies, such as Ericsson, AstraZeneca, and ABB. Investor AB has approximately $20 billion in total assets, including $3 billion in assets under management in Investor's global private equity operations in New York, Palo Alto, Stockholm, London, Munich, Amsterdam and Hong Kong. Visit Investor AB at: www.investorab.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/20/20001220BIT00470/bit0001.doc http://www.bit.se/bitonline/2000/12/20/20001220BIT00470/bit0002.pdf

About Us

Investor is the leading owner of Nordic-based international companies, founded by the Wallenberg family a hundred years ago. We own significant minority or majority interests in high quality companies. Through our participation on the boards of directors, we work for continuous improvement of the performance of the companies. With our industrial experience, network and financial strength we strive to make our companies best-in-class. Our cash flow allows us to support strategic initiatives in our companies, capture investment opportunities and provide our shareholders with a dividend. Our Core Investments include listed holdings Atlas Copco, SEB, ABB, Ericsson and the operating subsidiary Mölnlycke Health Care.

Subscribe