AAIPharma Acquires Rentschler Clinical Development Team through its German Subsidiary.WILMINGTON, N.C. -- AAIPharma Inc. (PINK SHEET:AAIIQ) announced today that through its German subsidiary, it has entered into a strategic agreement with Rentschler Biotechnologie GmbH & Co. KG, a European-based full service contract manufacturer of drugs containing recombinant proteins Since human recombinants have replaced the animal version in human therapeutics, the prefix of "rh" for "human recombinant" appears less and less in the literature Human recombinants that replaced animal or harvested from human types n. A contract that assigns some of the obligations of a prior contract to another party. intr. & tr.v. sub·con·tract·ed, sub·con·tract·ing, sub·con·tracts basis. In addition, Rentschler and AAIPharma through its German subsidiary agreed to cooperate in providing the whole range of their technological and clinical expertise to customers of the pharmaceutical and biotechnology industries. This agreement facilitates the development and management of relationships with biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. customers and provides AAIPharma's clinical development operations with additional experience in the planning, performance and evaluation of clinical studies involving biotechnology drugs. Dr. Ludo ludo Noun Brit & Austral a simple board game in which players move counters forward by throwing dice [Latin: I play] Noun 1. Reynders, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AAIPharma, remarked, "The addition of this biotech expertise to our clinical development operation is an important step in strengthening our organization in Europe. It enhances our overall business plan for the biotechnology sector, and Rentschler's primary and secondary manufacturing capability complements our U.S. sterile manufacturing capability enabling the Company to offer customers both U.S. Food and Drug Administration and European regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. compliant manufacturing services." About AAIPharma AAIPharma Inc. is a global provider of product development and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the pharmaceutical, biotechnology, and medical device industries. From a single test through a range of integrated service offerings, we create value to an industry in search of productivity and innovation. For more information on the Company, please visit AAIPharma's website at www.aaipharma.com. |
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