Perkin-Elmer Acquires Molecular Informatics
<%=company%> (Norwalk, Conn.) has acquired Molecular Informatics, Inc. (Santa Fe, N.M.), a leader in the development of bioinformatics software and a pioneer in the development of infrastructure software for the pharmaceutical, biotechnology, and agrochemical industries as well as for applied markets such as forensics and human identification.
"The rapid growth in life sciences, with its increasing need to manage, integrate, and interrogate vast amounts of information, is redefining pharmaceutical drug discovery and development," noted Tony L. White, chairman, president and chief executive officer of Perkin-Elmer. "With Molecular Informatics, Perkin-Elmer has the technologies in place to link the systems that pharmaceutical research companies need to compress the time and reduce the cost of discovering new drugs and bringing them to market.
"Perkin-Elmer and Molecular Informatics have been working on complementary products for pharmaceutical research companies," White continued. "PE Applied Biosystems has developed products that are the standard for instrument and chemical reagent systems for drug discovery. Molecular Informatics has developed information systems that manage the process efficiently and effectively. Together, we can accelerate new product development and system integration that will enable our customers to capture and organize the vast amounts of data being generated in the drug discovery process and interrogate it for valuable correlations that could result in revolutionary new therapeutics."
White concluded, "Perkin-Elmer now has the ability to link together its unprecedented array of products and services that allow customers to identify genetic disease targets, manage the quickly expanding information available in genomic and other databases, apply the breakthrough tools of combinatorial chemistry, and screen immense libraries of chemical compounds for desirable biological and therapeutic activity. Perkin-Elmer has unique capabilities to offer the breadth and depth of products that can accomplish these goals."