FDAnews Drug Daily Bulletin

LION BIOSCIENCE SELLS BIOINFORMATICS BUSINESS

April 6, 2006
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Lion bioscience AG has successfully completed the sale of its bioinformatics business to BioWisdom Ltd, UK. The consideration will be up to EUR 4 million and the deal is due to be completed by April 4, 2006. As a result of this transaction, the company has achieved a major milestone in its restructuring plans, which commenced over a year ago. "We have achieved a satisfactory result through this disposal.
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