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Chromos enters into ACE System license agreement with Pfizer.

Publication: PR Newswire
Publication Date: 30-MAY-05
Format: Online - approximately 679 words
Delivery: Immediate Online Access

Article Excerpt
BURNABY, BC, May 30 /PRNewswire-FirstCall/ -- Chromos Molecular Systems Inc. ("Chromos"; TSX: CHR) announced today that it has entered into a non-exclusive commercial license agreement with Pfizer Inc. ("Pfizer") under which Pfizer will have the right to use the ACE System to develop cell lines for research, development and manufacturing of Pfizer products.

"We are pleased by Pfizer's decision to license the ACE System," said Alistair Duncan, President and CEO of Chromos. "In addition, the agreement provides us with an immediate cash infusion and demonstrates that we are executing our strategy of building the revenue stream from our cell...

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