2 March 2006

ChemOvation announces move to expanded, purpose-built laboratory

ChemOvation today announces it has moved to new expanded purpose-built laboratory and office facilities outside Horsham, West Sussex, UK.

Ian Matthews, CEO and founder of ChemOvation says: “This move to new premises marks the next important step in our plans to firmly establish ChemOvation as a strong independent business. From these excellent facilities we have the flexibility and space to be able to expand quickly and cost effectively to meet the needs of larger drug discovery projects and new customers.”

Founded by Dr. Matthews in 1999, ChemOvation was acquired by KuDOS in 2001. The company grew successfully and developed as a chemical research organisation through collaboration with KuDOS. In February 2005, ChemOvation spun out from KuDOS and is now a dynamic independent business, highly focused on meeting the drug discovery requirements of the company’s growing customer base.

For more information please contact:

ChemOvation
Dr Ian Matthews
Tel: +44 (0)1403 276500

NOTES TO EDITORS

About ChemOvation

ChemOvation is a leading provider of drug discovery services to the pharmaceutical and biotechnology industry. It provides a fully integrated service specialising in medicinal chemistry, organic chemistry, computational chemistry and screening. ChemOvation offers clients a wealth of scientific knowledge and expertise to ensure success in their drug discovery projects. Whether it’s for lead optimisation, hit expansion or custom synthesis, ChemOvation provides a complete outsourcing service for drug discovery.