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Share Name | Share Symbol | Market | Type |
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Biotest AG | TG:BIO | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 41.60 | 41.60 | 42.40 | 0.00 | 14:18:06 |
RNS Number:2796T BioFocus PLC 16 December 2003 For Immediate Release 16 December 2003 BIOFOCUS AND FERRING TO COLLABORATE ON VALIDATED DRUG TARGET BioFocus technology will be applied to discover new treatments targeted to women's health Chesterford Research Park, UK, 16 December 2003 - BioFocus plc (AIM: BIO), a world leader in collaborative drug discovery, today announces it has entered into an agreement with Ferring Research Limited to apply its innovative Soft FocusTM technology to a known drug target. This new collaboration will combine BioFocus's powerful drug discovery technologies with Ferring's extensive expertise in women's health. BioFocus and Ferring will work together on discovering novel 'lead' compounds which could be developed into drugs that would offer an oral alternative to existing inconvenient therapies. Under the terms of the agreement, BioFocus will receive technology access fees, research fees and success fees, and Ferring will gain access to BioFocus's Soft FocusTM technology and world-class medicinal chemistry expertise. Geoff McMillan, BioFocus's Chief Executive, said: "We are delighted to be collaborating with Ferring on this pioneering project. Once more, BioFocus has proven to be the partner of choice for providing solutions to the pharmaceutical industry." Robert Haigh, Managing Director of Ferring Research Limited, said "Ferring Research are at the forefront of scientific research in women's health. The collaboration with BioFocus will ensure continued success in this important area." About BioFocus BioFocus is a leading drug discovery company working in partnership with major pharmaceutical and biotechnology companies. Additionally it is developing a portfolio of internal drug discovery programmes aimed at providing drug leads for partnering. The company was founded in 1997 and is quoted on the Alternative Investment Market of the London Stock Exchange. BioFocus works with a wide range of global clients and in 2002 provided services and/or products to 22 leading pharmaceutical companies. About Ferring Ferring is a research driven, speciality biopharmaceutical group active in global markets. The company identifies, develops and markets innovative products in the areas of endocrinology, gastroenterology, gynaecology, infertility and urology. In recent years Ferring has expanded beyond its traditional European base and now has operating subsidiaries in over 40 countries. To learn more about Ferring or its products please visit www.Ferring.com For further information BioFocus +44 (0)1799 533500 Geoff McMillan, Chief Executive Ferring Research Limited Robert Haigh, Managing Director +44 (0)2380 763400 Buchanan Communications +44 (0)20 7466 5000 Tim Anderson/Rebecca Skye Dietrich This information is provided by RNS The company news service from the London Stock Exchange END AGRGUGWWPUPWGQA
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