Thursday, February 8, 2007

Durham based company sells experimental drugs to Genentech

Amphora Discovery, a drug discovery company with business units in Durham and the San Francisco Bay Area, sold several experimental cancer drugs to California biotech giant Genentech, the company announced today.

The drugs have the potential to treat multiple cancers, but Amphora declined to release details about the drugs.

The company released no financial information or terms of the deal, which was negotiated by the Bay Area business unit. The laboratory work to discover the cancer drugs was done by the Durham business unit. Amphora split into two business units about five months ago.

Based in Durham, Amphora uses an automated method to screen chemical libraries quickly and inexpensively. The resulting data helps pinpoint chemicals that hold promise as medicines.



http://www.newsobserver.com/104/story/530481.html