CombiChem enters into strategic product development agreement with Perkin-Elmer SCIEX.SAN DIEGO--(BUSINESS WIRE)--May 14, 1996--CombiChem Inc., a rapidly growing combinatorial chemistry Combinatorial chemistry involves the rapid synthesis or the computer simulation of a large number of different but structurally related molecules. Introduction Synthesis of molecules in a combinatorial fashion can quickly lead to large numbers of molecules. and molecular discovery company, and Perkin-Elmer SCIEX Instruments (PE SCIEX), the world leader in liquid chromatography/mass spectrometry (LC/MS LC/MS Liquid Chromatography/Mass Spectrometry ) technology, have announced Tuesday that they are jointly developing automated tools for chemical synthesis In chemistry, chemical synthesis is purposeful execution of chemical reactions in order to get a product, or several products. This happens by physical and chemical manipulations usually involving one or more reactions. and analysis via a strategic product development agreement. "We at PE SCIEX are extremely excited about our collaboration with CombiChem," said David Smith, PE Applied Biosystems' LC/MS business unit manager and vice president of PE SCIEX. "This agreement capitalizes on the strengths of both organizations, allowing us to continue providing value to our customers by automating processes to make drug development faster and easier. CombiChem's automated organic synthesis Organic synthesis is the construction of organic molecules via chemical processes. Organic molecules can often contain a higher level of complexity compared to purely inorganic compounds, so the synthesis of organic compounds has developed into one of the most important aspects of technology complements PE SCIEXs' existing LC/MS technologies to provide complete solutions to the pharmaceutical scientist." "CombiChem is very pleased to be collaborating with such an outstanding company as PE SCIEX," stated Peter L. Myers, chief scientific officer and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CombiChem. "We believe that together we will be able to develop the best tools for automation of combinatorial library combinatorial library in immunology, the ligation of cDNAs of light and heavy chains of immunoglobulins, each in a separate bacteriophage vector. synthesis which will lead to a more efficient and successful approach to discovery of new drug molecules." Under the terms of the agreement, PE SCIEX will provide to CombiChem LC/MS technology and integrated analytical solutions using PE SCIEXs' LC/MS products. CombiChem's mission is to provide fast, easy, and transferable drug discovery technology. The company, founded in 1994, has a unique, proprietary technology integrating combinatorial chemistry with computational drug design, bioinformatics and automated chemical synthesis. Customers will benefit from access to a broad range of innovative, patented compounds which they will receive much earlier than through traditional medicinal methods. CombiChem is entering into strategic research collaborations, based on its combinatorial chemistry and instrumentation expertise, with pharmaceutical, biotechnology, and agrochemical agrochemical Any chemical used in agriculture, including chemical fertilizers, herbicides, and insecticides. Most are mixtures of two or more chemicals; active ingredients provide the desired effects, and inert ingredients stabilize or preserve the active ingredients or aid companies. Perkin-Elmer SCIEX is the joint venture of the U.S.-owned Perkin-Elmer and Canadian-owned SCIEX, created to develop, sell, service and manufacture laboratory-based mass spectrometer products around the world. SCIEX is the instrumentation technology division of MDS MDS, n See temporomandibular pain-dysfunction syndrome. MDS 1 Maternal deprivation syndrome, see there 2 Myelodysplastic syndrome, see there Health Group Limited of Toronto, a Canadian-owned public company with diverse health-related operations in the United States, Canada and Europe. MDS has an annual sales volume of more than Cdn$650 million. Perkin-Elmer is the world's largest manufacturer of scientific equipment with an annual sales volume of more than US$1 billion. CombiChem is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with headquarters in San Diego. CONTACT: Friestedt International Susanne Friestedt, 619/223-8844 or CombiChem Inc. Peter L. Myers, 619/530-0484 |
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