Astex ranked in the top 20 of The Sunday Times ARM Tech Track 100

01-Oct-2003

Cambridge, UK - Astex Technology, the fragment-based drug discovery company, is ranked 12th in the Sunday Times ARM Tech Track 100 league of Britain's fastest growing technology companies, published Sunday 28th September. Astex is one of only a small group of biotechnology companies to have made it onto the annual ARM Tech Track 100 since the list was first compiled in 2001. The company is ranked as the fastest growing technology company in the Cambridge area, long-renowned for the development of innovative technology companies.

This year Astex has signed major deals with pharmaceutical companies Schering AG, to discover novel drugs to treat cancer, and AstraZeneca, to develop drug candidates for Alzheimer's disease. Astex also has drug discovery deals with Aventis, Mitsubishi Pharma Corporation and Fujisawa Pharmaceutical Co., Ltd. The company's annual sales growth in the period 2000-2002 was more than 170%.

"We are really pleased to appear in this prestigious listing of Britain's top technology companies. This achievement confirms the talent and commitment of Astex's team of professionals and is a tribute to everyone in the company," stated Mr. Timothy Haines, CEO of Astex.

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