Compugen Ltd (CGEN)

[mlkrborn]

CGEN $4 "Compugen announces $15 mln funding agreement for its Keddem subsidiary (CGEN) 3.94 : Co announced the signing of an agreement with a private U.S.-based investment company pursuant to which up to $15 mln in milestone related equity financing will be made available to Keddem Bioscience, currently a wholly owned subsidiary of Compugen. This financing will be used to further develop and commercialize a unique technology platform that has been designed to consistently enable the discovery of small molecule modulators for potentially any given protein target. Under the agreement, the new investor will obtain a majority equity interest in Keddem, with Compugen maintaining a minority interest and certain future preferential access rights to utilize the Keddem technology with Compugen discovered drug targets." BRIEFING