Attached files
file | filename |
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8-K - FORM 8-K - CLINICAL DATA INC | b77832e8vk.htm |
EX-1.1 - EX-1.1 PURCHASE AGREEMENT DATED OCTOBER 28, 2009 - CLINICAL DATA INC | b77832exv1w1.htm |
EX-99.1 - EX-99.1 PRESS RELEASE DATED OCTOBER 28, 2009 - CLINICAL DATA INC | b77832exv99w1.htm |
Exhibit 5.1
Marc A. Recht
(617) 937-2316
mrecht@cooley.com
(617) 937-2316
mrecht@cooley.com
October 28, 2009
Clinical Data, Inc.
One Gateway Center
Suite 702
Newton, MA 02458
One Gateway Center
Suite 702
Newton, MA 02458
Ladies and Gentlemen:
We have acted as counsel for Clinical Data, Inc., a Delaware corporation (the Company), in
connection with the sale by the Company of 2,750,000 shares (the Shares) of the Companys common
stock, par value $0.01 per share (the Common Stock), pursuant to a Registration Statement on Form
S-3 (Registration Statement No. 333-143883) (the Registration Statement), filed with the
Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended
(the Act), and declared effective by the Commission on June 28, 2007, including the prospectus
which forms a part of the Registration Statement (the Base Prospectus), and the prospectus
supplement relating to the Shares filed with the Commission pursuant to Rule 424(b) of the Rules
and Regulations of the Act (the Prospectus Supplement). (The Base Prospectus and Prospectus
Supplement are collectively referred to as the Prospectus) All of the Shares are to be sold by
the Company as described in the Registration Statement and Prospectus.
In connection with this opinion, we have examined and relied upon the Registration Statement and
the Prospectus, the Companys Restated Certificate of Incorporation and Amended and Restated
Bylaws, as currently in effect, and the originals or copies certified to our satisfaction of such
other documents, records, certificates, memoranda and other instruments as we deem necessary or
appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and
authenticity of all documents submitted to us as originals, the conformity to originals of all
documents submitted to us as copies thereof and the due execution and delivery of all documents
where due execution and delivery are a prerequisite to the effectiveness thereof.
Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware.
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when
sold and issued in accordance with the Registration Statement and the Prospectus, will be validly
issued, fully paid and non-assessable.
We consent to the reference to our firm under the caption Legal Matters in the Prospectus
included in the Registration Statement and to the filing of this opinion as an exhibit to a Current
Report of the Company on Form 8-K.
THE PRUDENTIAL TOWER, 800 BOYLSTON STREET, 46TH FLOOR, BOSTON, MA 02199 T: (617) 937-2300 F: (617) 937-2400 WWW.COOLEY.COM
Piper Jaffray & Co.
October 28, 2009
Page Two
October 28, 2009
Page Two
Respectfully yours,
Cooley Godward Kronish, LLP | ||||
By:
|
/s/ Marc A. Recht | |||
THE PRUDENTIAL TOWER, 800 BOYLSTON STREET, 46TH FLOOR, BOSTON, MA 02199 T: (617) 937-2300 F: (617) 937-2400 WWW.COOLEY.COM