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AVERION EXPANDS OPERATIONS TO EUROPE

May 23, 2006

Averion Inc. announced today its expansion into Europe through the creation of Averion GmbH, a new wholly-owned subsidiary based in Germany. The Company also announced the appointment of John Shillingford, PhD as President of Averion GmbH.

Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1848420)