ST. LOUIS, March 15 /PRNewswire-FirstCall/ -- Sigma-Aldrich® (Nasdaq: SIAL) today announced that it has entered into an agreement with Pfizer under which Sigma-Aldrich will sell approximately 100 Pfizer-developed small molecule compounds to life science researchers for target characterization, assay development, screening and in vivo animal model applications.
Under the agreement between the two companies, the Pfizer compounds, which include patented and approved drug molecules such as atorvastatin, sildenafil and celecoxib, will be made available to the research community while still on patent, in some cases for the first time. The inclusion of these Pfizer compounds provides authentic material that will help advance researchers' understanding of biological systems.
"As part of our strategy to proactively seek the highest quality biologically rich products, it's exciting news for the life science research community that Pfizer is working with us to grant broad access to some of its most interesting and research-relevant bioactive small molecules," commented Dr. David Smoller, President of Sigma Life Science's Research Biotech Business Unit. "This multi-compound deal not only enriches our extensive portfolio of products with authentic Pfizer material but provides valuable resources that will enable our customers to modulate their protein targets, facilitating further advances in cellular and pathway biology."
"We are pleased to form this partnership with Sigma-Aldrich, a company with an excellent track record of respecting Pfizer's intellectual property. Working with Sigma-Aldrich we are able to make authentic Pfizer compounds more readily available to the research community," added Rick Connell, Vice President and Worldwide Head of External Research Solutions Center of Excellence, Pfizer.
The Pfizer compounds will be sold worldwide directly through Sigma-Aldrich as in-stock, pre-packaged items and, upon request, in bulk, and will also be mapped to genes and associated pathways and interactors via Sigma-Aldrich's award-winning online search platform, 'Your Favorite Gene powered by Ingenuity' (http://www.sigma.com/yfg). While the initial agreement includes approximately 100 Pfizer compounds, Sigma-Aldrich expects to add further Pfizer compounds on a regular basis.
The agreement with Pfizer represents the third such agreement Sigma-Aldrich has negotiated with a major pharmaceutical company.
For further information regarding this announcement, visit www.wherebiobegins.com/biomolecules.
Sigma-Aldrich Disclosure Notice: The foregoing release contains forward-looking statements that can be identified by terminology such as "far reaching and potential implications," "provides authentic material," "will help advance," "provides valuable resources," "enable our customers" or similar expressions, or by express or implied discussions regarding potential future revenues from products and services. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that these products will continue to meet the demands of the marketplace. Nor can there be any guarantee that any of these products will achieve any particular levels of revenue in the future. In particular, management's expectations regarding these products could be affected by, among other things, unexpected regulatory actions or delays or government regulation generally; the Company's ability to obtain or maintain patent or other proprietary intellectual property protection; competition in general; government, industry and general public pricing pressures; the impact that the foregoing factors could have on the values attributed to the Company's assets and liabilities as recorded in its consolidated balance sheet, and other risks and factors referred to in Sigma-Aldrich's current Form 10-K on file with the US Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. Sigma-Aldrich is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
About Sigma-Aldrich: Sigma-Aldrich is a leading Life Science and High Technology company. Its biology and organic chemical products and kits are used in scientific research, including genomic and proteomic research, biotechnology, pharmaceutical development and as key components in pharmaceutical, diagnostic and other high technology manufacturing. The Company has customers in life science companies, university and government institutions, hospitals, and in industry. Over one million scientists and technologists use its products. Sigma-Aldrich operates in 38 countries and has 7,700 employees providing excellent service worldwide. Sigma-Aldrich is committed to Accelerating Customer Success through Innovation and Leadership in Life Science, High Technology and Service. For more information about Sigma-Aldrich, please visit its award-winning website at http://www.sigma-aldrich.com.
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