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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:3546Q BioFocus PLC 1 Ocotber 2003 BIOFOCUS AND ROCHE SIGN THIRD AGREEMENT BioFocus to provide new generation of SoftFocusTM kinase-directed lead finding libraries Chesterford Research Park, UK, 1 October 2003 - BioFocus plc (AIM: BIO), a world leader in collaborative drug discovery, today announces it has entered into an agreement with Roche to design and supply several new compound libraries. These libraries have been developed to expand BioFocus' successful range of SoftFocusTM kinase-targeted products for rapid lead identification in drug discovery. This new agreement represents BioFocus' third major deal with Roche. Previously the company has announced contracts for lead optimisation and custom library synthesis. Under the terms of this new contract, BioFocus will supply Roche with SoftFocusTM kinase compounds and apply its expertise in kinase library design to develop additional chemistries for Roche's global discovery programmes. Kinase targets are an important biological area for therapeutic drug research. Successful products could become new anti-inflammatory or anti-cancer treatments. BioFocus' SoftFocusTM libraries are directed against a wide range of therapeutically important kinase targets and are designed and synthesized in-house utilizing BioFocus' extensive medicinal chemistry capabilities. Geoff McMillan, BioFocus' Chief Executive, said: "We are delighted to announce the extension of our collaboration with Roche. This agreement further underscores BioFocus' commitment to become the leading provider of novel molecules to the global biopharmaceutical industry." 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. For further information BioFocus +44 (0)1799 533500 Geoff McMillan, Chief Executive Buchanan Communications +44 (0)20 7466 5000 Mark Court / Rebecca Skye Dietrich This information is provided by RNS The company news service from the London Stock Exchange END AGRILFFSAIIIVIV
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