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8-K - FORM 8-K - CLINICAL DATA INCb77832e8vk.htm
EX-1.1 - EX-1.1 PURCHASE AGREEMENT DATED OCTOBER 28, 2009 - CLINICAL DATA INCb77832exv1w1.htm
EX-99.1 - EX-99.1 PRESS RELEASE DATED OCTOBER 28, 2009 - CLINICAL DATA INCb77832exv99w1.htm
Exhibit 5.1
(COOLEY LOGO)
Marc A. Recht
(617) 937-2316
mrecht@cooley.com
October 28, 2009
Clinical Data, Inc.
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 Company’s 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 Company’s 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

 


 

(COOLEY LOGO)
Piper Jaffray & Co.
October 28, 2009
Page Two
Respectfully yours,
         
Cooley Godward Kronish, LLP    
 
       
By:
  /s/ Marc A. Recht    
 
 
 
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