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Transcript
For Immediate Release October 1, 2007 Cambridge Isotope Laboratories, Inc. (CIL) Cambridge Isotope Laboratories, Inc. Acquires M-fold Biotech GmbH Boston, Massachusetts: Cambridge Isotope Laboratories, Inc. (CIL), the world leader in the manufacturing of stable isotope labeled research chemicals has acquired 100% of the stock of M-fold Biotech GmbH, a biotech company located in Tuebingen, Germany specializing in a proprietary method for folding proteins called M-fold. The core business of M-fold is the manufacture, crystallization and structural analysis of human membrane proteins or receptors. M-fold has developed methods for expressing G protein-coupled receptors (GPCRs) in bacteria utilizing stable isotope labeled media and refolding proteins into biologically active forms. GPCRs are involved in a wide range of biological activities (blood pressure, pain cancer growth) and play a key role in a number of diseases due to their importance in maintaining proper function of living cells. These protein receptors are the targets of over 50% of all existing medicines including well-known blockers and anti-histamine therapeutics. M-fold Biotech was founded in March 2007 by Dr. Hans Kiefer as a successor company of m-phasys GmbH, a six year biotechnology company. The M-FOLD™ technology for the production of purified, functional membrane proteins is the basis of M-fold Biotech's activities. The key managers and employees of M-fold are continuing with the Company.