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Chromos signs letter of intent to acquire Targeted Molecules and secures bridge financing facility.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Acquisition Adds Product Candidates For Treatment Of Multiple Sclerosis And Acute Thrombosis

BURNABY, BC, May 25 /PRNewswire-FirstCall/ -- Chromos Molecular Systems Inc. ("Chromos") (TSX:CHR) has entered into a Letter of Intent to acquire Targeted Molecules Corporation ("TMC"), a privately held San Diego based biotechnology company focused on the research and development of two antibody product candidates for treatment of multiple sclerosis and acute thrombosis.

"We are excited about the acquisition of TMC and their lead monoclonal antibody product candidates, which address significant markets in chronic inflammation and acute thrombosis," said Alistair Duncan, who will lead the combined company as President...

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