Cell Network acquires stake in LocusMedicus.net - a medical Internet service now being launched in seven European countr
Cell Network acquires stake in LocusMedicus.net - a medical Internet service now being launched in seven European countries Via it´s risk capital company Cell Network Innovation, Cell Network has purchased a 15% stake in Locus Medicus International. Locus Medicus brings together healthcare personnel, the pharmaceutical industry and healthcare organizations via a Web-based knowledge system. Healthcare personnel gain access to the latest medical knowledge, pharmaceutical companies obtain a marketing channel directed at healthcare personnel and healthcare organizations receive customized Internet and Intranet solutions. The service was quickly launched in Sweden and Finland and is now on the verge of continuing expansion in continental Europe. "Cell Network has the knowledge and the experience we need," says Pål Török, chairman of the board and one of the founders of Locus Medicus International. "Moreover, Cell Network is already established in the European markets that are relevant for us. Cell Networks' knowledge of international launches provides a solid foundation for our ongoing expansion." Locus Medicus.net offers healthcare personnel a whole new type of medical information retrieval and new possibilities for building networks for knowledge exchange among colleagues in the field. A search engine helps healthcare personnel to search through the four million quality-assured medical documents, from all over the world, that are currently indexed. The search facility is tailored to the searcher, automatically creating a personal profile for every user. Through LocusMedicus.net, physicians, nurses and other healthcare personnel can access the latest research. The resulting benefit to patients is that they receive treatment in line with the most up-to-date knowledge about their particular illness. "Locus Medicus International is a well run company that has already taken its first steps," says Kristina Ahlberg, acting president of Cell Network Innovation AB. "We supply the capital as well as our entire portfolio of expertise in an exciting industry with strong development potential. The chances of success are good, given that the company offers enhancement of both quality and productivity in healthcare. We all stand to win - patients, personnel, healthcare organizations and the pharmaceutical industry." Apart from Cell Innovation, Locus Medicus International is owned by its founders - physician Pål Lindström and Pål Török, founder and previous vice president, for 25 hours - and the Investment Company Bure. Other owners include Praktikertjänst, Result Venture Knowledge, Spray and Leif Edvinsson, previously Director of Intellectual Capital with Skandia. Cell Network Innovation AB is a wholly owned subsidiary of Cell Network. The company operates in risk-capital investment focusing on Internet- related business solutions in the business-to-business segment, in all European markets. For further information, please contact: Kristina Ahlberg, acting President Cell Network Innovation, Tel: +46 8 52204121, +46 709 565121 Ellinor Bollman, Director Communications Cell Network, +46 70-347 37 14 Pål Török, Chairman of the Board Locus Medicus International, Tel: +46 8 772 28 60, +46 701 88 71 10 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/24/20000524BIT00460/bit0001.doc http://www.bit.se/bitonline/2000/05/24/20000524BIT00460/bit0002.pdf