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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 UK (York, UK). Due diligence is currently underway and the deal is expected to close by the end of 2003.

BIOSIS is a non-profit organization that offers information services, 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" and "Abstracts on Mycology." 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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Title Annotation:Biological Abstracts, Inc. and BIOSIS plan to sell publishing assets to Thomson Corp.
Comment:BIOSIS pursues final negotiations for sale to Thomson.(Biological Abstracts, Inc. and BIOSIS plan to sell publishing assets to Thomson Corp.)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 31, 2003
Words:235
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