NeuroNova AB as Nominee for the 2003 World Technology Awards


LONDON and SAN FRANCISCO, Calif., June 19, 2003 (PRIMEZONE) -- The World Technology Network (WTN) announced today that NeuroNova AB has been selected as a nominee for this year's World Technology Award for Biotechnology, being presented in association with NASDAQ, Accenture, TIME magazine, Technology Review magazine, and Science magazine.

Winners will be announced on June 25, 2003, in San Francisco, at the World Technology Awards gala ceremony at the conclusion of the two-day World Technology Summit. The World Technology Awards honour individuals and corporations from twenty technology-related sectors selected by their peers as being the most innovative and doing the work of the greatest likely long-term significance. Award categories range from biotechnology, space and energy to ethics, design and entertainment.

"I am delighted that NeuroNova has been nominated for the 2003 World Technology Award for Biotechnology -- recognition from one's peers means so much more than other kinds of honors" said Dr Anders Haegerstrand, CEO and President of NeuroNova.

Nominees for the 2003 World Technology Awards were identified based on an intensive, global process in which current WTN members (primarily winners and finalists of previous Awards cycles) made their nominations based on who they think are most innovative and impactful, within their particular field.

James P. Clark, founder and Chairman of the World Technology Network, added: "The World Technology Awards program was created to recognize truly extraordinary innovation on a global scale, the sort of work that could be described as creating our collective future and changing our world. NeuroNova's contribution in the field of biotechnology has been outstanding, and the nomination is just an acknowledgement of that fact."

This year's World Technology Awards ceremony will provide the closing event to the 2003 World Technology Summit taking place on in San Francisco on the 24th and 25th of July. For more information on the World Technology Network, World Technology Awards and World Technology Summit, please visit their website, www.wtn.net

Notes to editors:

A small selection of those WTN members nominating this year include: Osamu Chisaki - Executive Director - Japan Bioindustry Association Craig Venter - President - The Center for the Advancement of Genomics Desh Deshpande - Chairman - Sycamore Networks George Gilder - Chairman - Gilder Technology Group Tim Berners-Lee - Director - World Wide Web Consortium (W3C) Sir Christopher Frayling - Rector & Vice Provost - Royal College of Art Gary Shapiro - President - Consumer Electronics Association (CEA) Achim Steiner - Director General - IUCN - The World Conservation Union Georges Kutukdjian - Executive Secretary - World Commission on the Ethics of Scientific Knowledge & Technology (COMEST), UNESCO Tim Draper - Founder and Managing Director - Draper Fisher Jurvetson Bert Keely - Architect, Tablet PC Microsoft Michael Dell - Chairman & CEO - Dell Computer Corporation Robert Davies - CEO - International Business Leaders Forum Lawrence Lessig Professor - Stanford Law School Mark Viken Sr. VP Marketing Sony Electronics Colin Hicks - Director General - British National Space Centre (BNSC)

About World Technology Network

The World Technology Network is a London-headquartered organization that was created to "encourage serendipity" -- happy accidents -- amongst those individuals and companies deemed by their peers to be the most innovative in the technology world. WTN's areas of interest range from IT and communications to biotech, energy, materials, space, as well as related fields such as finance, marketing, policy, law, design, and ethics. Each year, WTN members are brought together through an ongoing global series of Roundtable Dinners, Chapter Meetings and other events. WTN also publishes "World Technology Intelligence", a bi-monthly magazine about what is imminent, possible, and important in the technology world, written largely by its own members -- the people driving the most significant innovations. Central events in the WTN calendar include the annual World Technology Summit and World Technology Awards -- the culmination of a global judging program through which new members are nominated and selected and by which the network grows and is refreshed.

About NeuroNova

NeuroNova is a private biopharmaceutical company established in 1998 in Stockholm, Sweden, to develop innovative CNS therapies based on neurogenesis. The Company is developing innovative drug therapies aimed at stimulating neurogenesis from endogenous neural stem cells for the treatment of disorders of the central nervous system, including Parkinson's disease, Alzheimer's disease and stroke. In addition, NeuroNova is also developing cultured adult neural stem cells capable of restoring normal brain function following transplantation. NeuroNova offers its partners a unique technology platform based on patented adult neural stem cells, which can be used to explore the best targets for in vivo and in vitro neurogenesis and to develop therapies aimed at these targets.

For more information, please contact:

Jon Holt at Edelman Email: Jon.holt@Edelman.com Phone: +44 (0)20 7344 1590

James P. Clark, Chairman, WTN Email: jpclark@wtn.net

Dr Anna Pannett, NeuroNova AB Fiskartorpsvagen 15 A-C S-114 33 Stockholm Sweden

Website: www.neuronova.com Email: anna.pannett@neuronova.com Phone: +46 (0)8 7860900

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