SCHERING AG PARTNERS WITH CHEMDIV IN MEDICINAL CHEMISTRY

ChemDiv, Inc., announced today that it has entered into a medicinal chemistry research partnership with Schering AG, Berlin, Germany (NYSE: SHR). The collaboration between the companies will last a minimum of two years, with an extension clause dependent upon meeting defined milestones under the contract. Under the terms of the collaboration, ChemDiv will apply its expertise in small molecule chemistry to support the ongoing medicinal chemistry programs at Schering. Schering will have access to a wide range of services including chemistry development, synthesis of hit and lead series, as well as scale up production of advanced intermediates.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-14-2005/0004107184&EDATE=)