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AnGes MG, FALCO biosystems to Form Business Alliance in Gene Therapy Business.


Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Nov 30, 2005 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
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JCN joint communications network (US DoD) 
) - AnGes MG announced on November 29 that it has reached a basic agreement with FALCO Falco

a genus of the family Falconidae (birds of prey). Includes F. biarmicus—lanner falcon, F. columbaris—kestrel, pigeon hawk or merlin, F. mexicanus—prairie falcon, F. peregrinus—peregrine falcon, F. rusticolus—gyrfalcon, F.
 biosystems to form a business alliance in the field of gene therapy. Specifically, the two companies will jointly build a technical base for genetic tests and collaborate in screening and analysis.

In addition, AnGes' subsidiary GenomIdea and FALCO have partnered to develop gene analysis methods. Under this alliance, the two companies will strive to devise methods for analyzing cardiovascular cardiovascular /car·dio·vas·cu·lar/ (-vas´ku-ler) pertaining to the heart and blood vessels.

car·di·o·vas·cu·lar
adj.
Abbr.
 disease-related genes currently discovered by GenomIdea.

Through these means, the companies aim to accelerate the development of gene therapy and medicine. Regarding the above alliances, AnGes and GenomIdea will receive upfront payments from FALCO while FALCO will accept a private placement by GenomIdea.

Copyright [c] 2005 Japan Corporate News Network. All rights reserved.
COPYRIGHT 2005 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:JCNN News Summaries
Date:Dec 1, 2005
Words:133
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