Vastox Buys Two Firms | Chemical & Engineering News
Volume 85 Issue 14 | p. 26 | Concentrates
Issue Date: April 2, 2007

Vastox Buys Two Firms

Department: Business

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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