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Bär & Karrer Ltd.

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10 December 2008 YA Global Investments, L.P. enters into an eq-uity funding agreement with Newron

December 2008

Newron Pharmaceuticals S.p.A. ("Newron"), a research and development company listed on the main segment of the SIX Swiss Exchange announced on 3 December 2008 that it has entered into an equity funding agreement with YA Global Investments, L.P. ("YA Global"), to support the con-tinued longer term development of Newron's product can-didates.

Under the terms of the agreement Newron has the option to take up YA Global's commitment to subscribe and pay for newly issued Newron shares to a total value of up to CHF30m over a period of 36 months at the sole and ex-clusive discretion of Newron.YA Global was advised as to Swiss law by Bär & Karrer AG. The Bär & Karrer team comprised partner Thomas U. Reutter and senior associate Sten E. D. Rasmussen.

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