Paradigm buys discovery firm

Published: 1-Feb-2005
Sustainability


UK-based Paradigm Therapeutics has completed the acquisition of Amedis Pharmaceuticals, a medicinal chemistry and drug discovery company. The company will operate as Paradigm Therapeutics on the Cambridge Science Park.

Focusing on identifying highly druggable targets and novel compounds for conditions in the areas of CNS, pain, endocrinology and metabolism, the company has two programmes in late stage pre-clinical development, as well as a number of earlier stage programmes and opportunities.

'The combination of the two companies' programmes provides a commercially attractive portfolio of early stage and pre-clinical projects,' said Edwin Moses, current non-executive chairman of both companies and executive chairman of the combined company. 'This deal will accelerate Paradigm's ability to progress promising therapeutic targets into novel drug candidates, establishing an extremely promising drug discovery company.'

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