Issue Date: April 2, 2007
Vastox Buys Two Firms
U.K. biotech firm Vastox has acquired DanioLabs, a private U.K. drug discovery company, and Dextra Laboratories, a carbohydrate chemistry service company. According to Vastox, the DanioLabs buy, for $30 million, adds two clinical and two preclinical programs in neurological and ophthalmic diseases. The Dextra acquisition, for $3 million, will enhance Vastox' capabilities in carbohydrate chemistry.
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