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BIO Biotest AG

41.60
0.00 (0.00%)
19 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
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
  0.00 0.00% 41.60 41.60 42.40 0.00 14:18:06

Re Collaboration

15/09/2003 8:01am

UK Regulatory


RNS Number:7421P
BioFocus PLC
15 September 2003


For Immediate Release                                       15 September 2003


                 BIOFOCUS COMPLETES INITIAL TECHNOLOGY TRANSFER
                           IN AMGEN COLLABORATION

             FIRST BENCHMARK IN ION CHANNEL DRUG DISCOVERY PROGRAM

Chesterford Research Park, UK, 15 September, 2003 - BioFocus plc (AIM: BIO), a
world leader in collaborative drug discovery, today announces that it has
successfully completed transfer of the first two ion channel assays in its
collaboration with Amgen, resulting in a cash payment to BioFocus.

BioFocus announced the drug discovery programme with Amgen against multiple ion
channel targets in January 2003. The modulation of ion channels is potentially
important in the treatment of a wide range of diseases including cardiovascular
and neurological disorders.

Under the terms of the collaboration, BioFocus provides Amgen with drug
discovery expertise in assay development, high throughput screening, medicinal
chemistry and molecular informatics. In return, BioFocus receives compensation
in the form of research fees and milestone payments upon achievement of certain
research, clinical and commercial events.

Commenting on this achievement, BioFocus' Chief Executive, Geoff McMillan, said:
"We are delighted that these initial assays have been successfully transferred
within the first six months of our project with Amgen. This is an important
indicator of our ability to deliver additional value working with a world-class
company."

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
John Kamins, Vice President Business Development & Marketing

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

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