MONTREAL, QUEBEC–(Marketwired – Jun 8, 2015) – Knight Therapeutics Inc. (TSX:GUD) (“Knight” or the “Company”), a leading Canadian specialty pharmaceutical company, announced today that it has received a distribution of US$13.6 million related to its investment in Sectoral Asset Management Inc.’s (“Sectoral”) New Emerging Medical Opportunities Funds II, Ltd. (“NEMO II”) as part of a partial distribution of the fund.

In June 2014, Knight announced a US$13 million commitment to NEMO II of which US$11.8 million has been deployed to date. This investment into NEMO II is part of Knight’s innovative sourcing strategy designed to gain preferred access to Canadian innovative pharmaceutical product rights.

Knight received a distribution of US$13.6 million from NEMO II which consists of (1) a full return of our US$11.8 million deployed plus (2) US$1.8 million, representing a 16% return on the deployed capital. The fund will continue to manage remaining assets over the course of the fund life through 2018.

As of today’s announcement, Knight still has a remaining position in NEMO II valued at approximately US$5.3 million.

Given the success of NEMO II, Knight plans to reinvest US$10 million of the US$13.6 million distribution received today into Sectoral’s upcoming life science fund, New Emerging Medical Opportunities Funds III, Ltd. expected to close in June 2015.

“Although our primary motivation for investing in life science funds is to secure product rights in Canada, we are finding NEMO to be a phenomenal financial investment in its own right. We certainly caught the right fish!” said Jonathan Ross Goodman, President and CEO of Knight.

About Sectoral Asset Management Inc.

Founded in 2000 by Jérôme Pfund, CFA and Michael Sjöström, CFA, Sectoral Asset Management, is an industry-leading specialist in managing global investment portfolios in the healthcare sector. In its small cap strategy, currently managed by Dr. Maha Katabi, CFA, Sectoral has done over 70 different investments, since 2007, in small cap listed and late stage private equity companies in the biotech, medtech and life sciences tools industries, generating a first quartile performance as compared to a late stage private equity peer group over that time period.

About Knight Therapeutics Inc.

Knight Therapeutics Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and select international markets. Knight’s shares trade on TSX under the symbol GUD. For more information about Knight Therapeutics Inc., please visit the Company’s web site at or

Forward-Looking Statement

This document contains forward-looking statements for the Company and its subsidiaries. These forward looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The Company considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions the reader that these assumptions regarding future events, many of which are beyond the control of the Company and its subsidiaries, may ultimately prove to be incorrect. Factors and risks, which could cause actual results to differ materially from current expectations are discussed in the Company’s Annual Report and in the Company’s Annual Information Form for the year ended December 31, 2014. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information or future events, except as required by law.