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The Pittsburgh Life Sciences Greenhouse Relocates Therapeutics Company to Pittsburgh
Date:12/4/2007

get the toxic proteins that build up in the brains of elderly individuals and results in memory loss that eventually progresses to degeneration of brain cells. Evidence suggests that blocking this protein and its toxic actions early on in the course of the disease will prevent or reverse memory loss," said Dr. Susan Catalano, Chief Science Officer and inventor of the phenotypic assay platform technology.

"We are thrilled to welcome Cognition to southwestern Pennsylvania and to our investment portfolio," said John W. Manzetti, PLSG President & CEO. "Cognition is the 10th company that the PLSG has helped relocate to the region. In addition to our efforts to grow companies from regional sources, it is essential that we also import companies and technologies to the region that will increase the commercialization of innovative healthcare solutions which can have global impact and multiple market applications." Mr. Manzetti continued, "Cognition's development of novel therapies for neurodegenerative diseases has the potential to address the global epidemic of Alzheimer's disease. Even small delays in Alzheimer's onset and progression can significantly reduce the disease's devastation." Mr. Manzetti added, "we look forward to helping build Cognition into a successful regional life sciences company."

"Pittsburgh is a perfect location for Cognition," said Tony Giordano, CEO of Cognition. "The region's strong life sciences research infrastructure, clinical prowess and the PLSG's community of life sciences entrepreneurs will help us gain access to the resources necessary to expedite the development of our technology platforms."

"We are very excited to be establishing our drug discovery operations here. Pittsburgh's neuroscience research community is recognized for its leadership within the field, and this will allow us to staff our company with world-class neurobiologists," said Dr. Franz Hefti, Chairman of Cognition's Board of Directors.

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