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Cordex Pharma Announces Strategic Master Services Equity Agreement With Cato BioVentures
Date:2/23/2009

beneficial relationship with Cordex," said Allen Cato, M.D., Ph.D., President and CEO of Cato Research, Ltd. "With over 50 years of clinical use in Europe of similar injectable ATP formulations for PSVT, we believe Cordex's ATPace represents an excellent balance of risk-reward that we are glad to be associated with as regulatory and clinical service providers and Cordex shareholders."

James S. Kuo, M.D., Cordex's Chairman and CEO, said, "We are very pleased to have the expertise of the Cato team involved in all aspects of the final clinical testing and preparation of the New Drug Application under section 505(b)(2). Through this agreement, we are able to tap into the vast regulatory experience of the entire global Cato organization. We believe that Cato's willingness to collaborate and become Cordex's shareholder maximizes our chances of an efficient clinical testing and drug approval process," he added.

About Cato BioVentures

Cato BioVentures is the venture capital affiliate of Cato Research Ltd. For nearly 20 years, Cato BioVentures has assisted entrepreneurs and established management teams in building successful life science companies. Through strategic CRO service agreements with Cato Research, Cato BioVentures invests its in-kind CRO Service Capital in innovative therapeutics, medical devices, diagnostics and platform tools and technologies for improved drug discovery and development, offering promising life science companies immediate access to a broad range of essential CRO services on a noncash basis. Access to these time-critical CRO services enables management to achieve key value-added development and regulatory milestones with less reliance on other sources of capital. Cato BioVentures has offices in Boston's Bay Colony, Research Triangle Park and Silicon Valley. www.catobioventures.com

About Cordex Pharma, Inc.

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SOURCE Cordex Pharma, Inc.
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