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Diakron Licenses Anticoagulant Drug Candidate from Merck & Co., Inc.
Date:8/13/2008

inal Chemistry, External Basic Research at Merck & Co., Inc. "We believe that Diakron is well positioned to build on our early development work and, in collaboration with Orchid, spearhead the passage of this molecule through late stage clinical trials."

About Diakron Pharmaceuticals, Inc.

Diakron Pharmaceuticals, Inc. is a privately-owned pharmaceutical company specializing in the development of products for the treatment of certain cardiovascular diseases and diabetes.

About Orchid Chemicals & Pharmaceuticals Ltd.

Orchid Chemicals & Pharmaceuticals Ltd. is a globally recognized, integrated pharmaceutical company with core competencies in the development and manufacture of Active Pharmaceutical Ingredients (APIs) and Finished Dosage Forms as well as in drug discovery. Orchid has research and manufacturing facilities aimed at global markets, thus emerging as a world-class pharmaceutical company covering the entire value chain from "Discovery to Delivery."

Contacts:

Diakron: Robert A. Anderson

Chief Marketing Officer

randerson@diakron.com

Orchid: C.B. Rao, PhD.

Deputy Managing Director

cbrao@orchidpharma.com


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SOURCE Diakron Pharmaceuticals, Inc.
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