ComGenex To Supply Bioactive Compounds To Bayer

ComGenex, a supplier of bioactive compounds, has signed an agreement to design and supply libraries of new, potentially bioactive substances to Bayer. The substances will be used for applications in the drug, animal health and crop protection fields, for screening and development purposes, and for the possible future marketing of end products.

During the three-year collaboration period, a joint steering committee will oversee the design of libraries for Bayer's biological testing program. The collaboration also involves the establishment of new technologies to optimize production of the compounds by ComGenex.

ComGenex receives an up-front payment and will receive milestone payments for compounds reaching certain stages of development. Royalties will also be paid under certain circumstances for compounds entering the market.

For more information: ComGenex, P.O. Box 316, H-1393 Budapest 62, Hungary. Telephone: +36-1-1124-874. Fax: +36-1-1322-574.