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NOVALYST DISCOVERY AND ALIX AGREE TO MERGE.
(Full text of a statement. Contact details below.)
(BW)(NOVALIX)
Novalyst Discovery and AliX Agree to Merge / NovAliX Launch Integrating Structural Biology and Medicinal Chemistry
Health Editors
STRASBOURG, France--(BUSINESS WIRE) - Sep. 30, 2008-- Following long-standing cooperation, Novalyst Discovery, a chemistry services company, and AliX, a structural biology company, have agreed to merge to create a leading CRO. Together they have launched NovAliX, a multidisciplinary company providing flexible outsourcing solutions for drug discovery and development.
The combined company will represent a major provider able to deliver comprehensive services from gene to preclinical drug candidates and especially offering alternative fragment-based drug discovery approaches.
"There was a natural synergy between the two companies whose expertise in chemistry and structural biology brings a valuable set of skills for our drug discovery program", claimed Stephan Jenn, President of both companies.
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Source: HighBeam Research, NOVALYST DISCOVERY AND ALIX AGREE TO MERGE.