DISCOVERY LABS TO ACQUIRE LAUREATE PHARMA'S MANUFACTURING OPERATION IN TOTOWA, N.J.

Discovery Laboratories, Inc. (Nasdaq:DSCO) has entered into an agreement to acquire the manufacturing operations of Laureate Pharma, Inc. (a wholly-owned subsidiary of Safeguard Scientifics, Inc.) in Totowa, New Jersey for $16 million. The acquisition is intended to provide Discovery with operational control and improved economics for the potential commercial and clinical production of Discovery's lead product, Surfaxin(r), and its pipeline of precision-engineered Surfactant Replacement Therapy (SRT) products.

Houston Chronicle (http://www.chron.com/disp/story.mpl/prn/texas/3551628.html)