BIOSIS pursues final negotiations for sale to Thomson.The Board of Directors of Biological Abstracts has voted to pursue final negotiations with The Thomson Corp. (Toronto, ON) for the sale of the publishing assets of Bological Abstracts, Inc. (Philadephia, PA) and BIOSIS BIOSIS Biosciences Information Service UK (York, UK). Due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. is currently underway and the deal is expected to close by the end of 2003. BIOSIS is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. that offers information services See Information Systems. , including databases and customized information products, for the global life sciences community. Services are targeted to librarians, researchers, competitive intelligence professionals, students/faculty, legal experts, government officials and venture firms. Major information databases include "Bisosis Previews," "Biological Abstracts," "Basic Biosis," "Zoological Record," "Abstracts on Entomology entomology, study of insects, an arthropod class that comprises about 900,000 known species, representing about three fourths of all the classified animal species. " and "Abstracts on Mycology mycology Study of fungi (see fungus), including mushrooms and yeasts. Many fungi are useful in medicine and industry. Mycological research has led to the development of such antibiotic drugs as penicillin, streptomycin, and tetracycline. ." BIOSIS also publishes Biosis Evolutions, a free, bi-monthly newsletter. BIOSIS said Thomson was selected from an initial group of 18 profit and non-profit organizations. Four final potential partners underwent a review by the Board. Explaining the decision, chairman of the board Dr. James Beach said that "Thomson/ISI has a history of providing quality services to the global community of life science researchers in both academic and corporate markets ... Thomson seems best prepared to successfully manage and enhance BIOSIS publishing services, while increasing the products' dissemination in the life science research community." The Thomson bid includes a partnership with CAB International (Cambridge, MA/ Wallingford, UK), a non-profit publisher of information for the applied life sciences and environmental safety areas, to distribute BIOSIS products. |
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