Research Triangle Park, North
Carolina
February 17, 2004
Cropsolution will use selected portions of
Norak's compound library in their agrochemical discovery program
Norak Biosciences, Inc.
announced today the signing of an agreement with
Cropsolution, Inc. for
purchase of selected subsets of Norak's small molecule, compound
library. Norak has assembled a compound library of over 900,000
drug-like, small molecules and is actively screening these
compounds in its G protein-coupled receptor (GPCR)-based drug
discovery program. Cropsolution will utilize the selected
compounds in its agriculture discovery program.
Cropsolution is an agricultural biotechnology company focused on
the discovery and development of innovative chemical products
for the crop protection market. Norak Biosciences is a
biopharmaceutical company utilizing its proprietary Transfluor®
technology to discover GPCR-based drugs. Norak's Transfluor®
technology is a patented, universal GPCR drug discovery
technology designed to be the most direct and accurate method
for screening potential drug candidates against GPCR targets,
whether known or orphan.
Norak
Biosciences, Inc., headquartered in Research Triangle Park, NC,
is a private biotechnology company. Norak is utilizing its
proprietary Transfluor® technology to become a world leader in
the discovery and development of drugs that regulate G
protein-coupled receptors. |