MediChem Life Sciences and Pharmacia Corporation Enter into Medicinal Chemistry Collaboration

09-Oct-2001
Chicago, October 8, 2001 - MediChem Life Sciences, a drug discovery company, announced today that it has entered into a two-year strategic medicinal chemistry agreement with Pharmacia Corporation, a top-tier global pharmaceutical company. Under the terms of the agreement, MediChem will commit medicinal chemistry resources to perform drug discovery and development activities in collaboration with Pharmacia's in-house medicinal chemistry teams. MediChem's medicinal chemistry resources will perform medicinal chemistry research, structure-activity relationship analysis and lead optimization studies. MediChem will also assist Pharmacia in filing patent applications to establish broad patent protection of compounds MediChem discovers. MediChem's scientists will perform chemistry consulting, computational chemistry and parallel synthesis, as well as process development and process optimization studies of Pharmacia's chemical leads to advance Pharmacia's drug discovery programs. Pharmacia will pay MediChem for research conducted by MediChem scientists in the collaboration. MediChem will also receive royalties for all net sales of products that MediChem invents or co-invents.

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