Compugen Signs $5 Million R&D Funding Agreement

Compugen Ltd. CGEN announced today that it has entered into an agreement with Baize Investments Ltd. under which it will receive $5,000,000 in R&D funding. Under the terms of the funding agreement, which is in support of Compugen's recently announced Pipeline Program, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring June 30, 2013.