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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 |
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 MSCGUUGGBUPWGBP
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