| Symyx Technologies Acquires Integrity Biosolution | |||||||
Acquisition Boosts Symyx Research Services in Life Sciences and Expands Offerings into Biologic Formulations |
|||||||
|
Santa Clara, Calif. - August 14, 2008
contract formulation research and analytical services, providing high-quality, cost-effective formulation and stability solutions for large molecule biopharmaceuticals along with Good Manufacturing Practices (GMP) fill/finish services for Phase I and II clinical trial volumes. Specific terms of the acquisition were not disclosed. |
|||||||
|
Forward Looking Statements
The statements contained in this release that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the expectation that Symyx will be able to offer customers in the contract formulation research and fill/finish service markets unique, differentiated sets of services and the potential benefits of such services to such customers and to Symyx. These forward-looking statements are based upon Symyx’s current expectations, and involve risks, uncertainties and assumptions. Actual results could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (1) failure to execute under existing contracts or maintain relationships with key customers as planned; (2) customers may not perceive the benefits of the combined formulation services that Symyx expects; (3) competitors may develop similar services; (4) unexpected difficulties may arise in the integration of the operations of, and services provided by, Symyx and IntegrityBio; (5) unexpected difficulties associated with entering into a new business enterprise; (6) failure to attract or retain key personnel, particularly in the acquired business; (7) greater exposure to litigation risk associated with pharmaceutical and biological products and services; (8) general economic conditions, in particular downturns in the life science and pharmaceutical industries; and (9) and other risks we describe in our filings with the Securities and Exchange Commission (including but not limited to Symyx’s annual report on Form 10-K for the year ended December 31, 2007 and quarterly reports on Form 10-Q for the quarters ended March 31 and June 30, 2008). If any of these risks or uncertainties materialize or any of the assumptions prove incorrect, Symyx’s results could differ materially and adversely from Symyx’s expectations in these statements. Symyx assumes no obligation, and does not intend, to update these forward-looking statements except as the law may require. |
|||||||
|
About IntegrityBio
IntegrityBio, established by Dr. Byeong Chang in 2003 as a large molecule formulation research services company, strives to improve human life through the integration of formulation research and quality manufacturing. The company’s mission is to provide high quality contract formulation research and analytical services; high quality, cost effective fill/finish services; and innovative drug delivery solutions for protein, antibody and peptide biopharmaceuticals. IntegrityBio’s clients include both early-stage companies and several of the world’s largest biotechnology, pharmaceutical and medical device companies. Information about IntegrityBio is available at www.integritybio.com. |
|||||||
|
About Symyx
R&D under tremendous economic and technical pressure, Symyx helps companies reduce R&D risk and enhance R&D productivity to help them bring more and better products to market quickly and cost-effectively. Symyx’s integrated technology platform combines electronic laboratory notebooks, content, laboratory logistics and analysis available from Symyx Software, software-driven integrated workflows available from Symyx Tools and scientifically-rich research services from Symyx Research to support the entire R&D process. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at www.symyx.com.
|
|||||||
|
|||||||
