Medindia
Medindia LOGIN REGISTER
Advertisement

GlaxoSmithKline Acquires Sirtris Pharmaceuticals, Inc., a World Leader in Sirtuin Research and Development

Friday, June 6, 2008 General News
Advertisement
LONDON, PHILADELPHIA and CAMBRIDGE, Mass., June 6 /PRNewswire-FirstCall/-- GlaxoSmithKline (NYSE: GSK) announced today that it has completed itsacquisition of Sirtris Pharmaceuticals, Inc. (Sirtris) for approximatelyUSD720 million (or approx. GBP362 million) through a cash tender offer andmerger of USD22.50 (or approx. GBP11.33) per share.
Advertisement

Through the acquisition of Sirtris, GSK has significantly enhanced itsmetabolic, neurology, immunology and inflammation research efforts byestablishing a presence in the field of sirtuins, a recently discovered classof enzymes that is believed to be involved in the ageing process.
Advertisement

Sirtris will become part of GSK's Drug Discovery organization, whilecontinuing to operate from laboratories in Cambridge, Massachusetts, as anautonomous drug discovery unit. Christoph Westphal, CEO and Vice Chair ofSirtris, and the management team will continue to lead this autonomous unit.

About GSK

GSK -- one of the world's leading research-based pharmaceutical andhealthcare companies -- is committed to improving the quality of human life byenabling people to do more, feel better and live longer. For companyinformation including a copy of this announcement and details of the company'supdated product development pipeline, visit GSK at www.gsk.com.

SOURCE GlaxoSmithKline
Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close