In announcement no. 15-09 of 7 May 2009, NeuroSearch announced the launch of a
share purchase programme under which the company will buy own shares for an
amount of up to DKK 50 million during 2009.
The programme is structured according to European Commission Regulation No
2273/2003 of 22 December 2003, also referred to as the “Safe Harbour” rules,
for the purchase of own shares.
In the past week, since the issue of status announcement no. 29-09 of 27 July
2009, no transactions have been made under NeuroSearch's share purchase
programme:
NeuroSearch holds a total of 191,123 treasury shares of DKK 20 nominal value
each, corresponding to 1.17% of the total number of 16,274,030 issued shares in
NeuroSearch A/S.
An amount of DKK 29,569,200 remains to be used under the share purchase
programme. Based on the closing price for NeuroSearch shares on NASDAQ OMX
Copenhagen on Friday 27 July 2009, this corresponds to a maximum of 256.010
additional NeuroSearch shares to be bought under the programme.
Flemming Pedersen
CEO
Contact persons
Flemming Pedersen, CEO, telephone: +45 4460 8214 or +45 2148 0118
About NeuroSearch
NeuroSearch (NEUR) is a Scandinavian biopharmaceutical company listed on Nasdaq
OMX Copenhagen. The core business of the company covers the development of
novel pharmaceutical agents, based on a broad and well-established drug
discovery platform focusing on ion channels and central nervous system (CNS)
disorders. A substantial share of the activities is partner financed through
strategic alliances with Eli Lilly and Company and GlaxoSmithKline (GSK), and a
license collaboration with Abbott. The drug pipeline comprises seven clinical
(Phase I-III) development programmes: Pridopidine (ACR16) for Huntington's
disease (Phase III), tesofensine for obesity (Phase III ready), ABT-894 for
ADHD (Phase II) in partnership with Abbott, ACR325 for the treatment of
dyskinesias in Parkinson's disease (Phase II ready), ACR343 for schizophrenia
(Phase II ready), ABT-560 for the treatment of cognitive dysfunctions (Phase I)
in partnership with Abbott and NSD-788 for anxiety (Phase I). In addition,
NeuroSearch has a broad portfolio of preclinical drug candidates and holds
equity interests in several biotech companies.
