( BW)(MO-TRIPOS)(TRPS) Tripos Awarded Marie Curie Fellowship for Transfer of Knowledge by the European Union; Euro 875,000 Grant to Finance Biology and Chemistry Fellows at Tripos Discovery Research, Ltd.
Business Editors/Biotech Writers
BUDE, England & ST. LOUIS--(BUSINESS WIRE)--June 7, 2005--Tripos, Inc. (Nasdaq:TRPS), a leading provider of drug discovery chemistry and informatics products and services, today announced that it has been awarded a Marie Curie Fellowship for Transfer of Knowledge by the European Union (EU) under its Sixth Framework Programme for Research and Technological Development (FP6). This grant, valued at roughly 875,000 euros (approximately $1.1 million U.S.), will pay for seven biology and chemistry research fellows to join Tripos Discovery Research, Ltd. (TDR), in Bude, England, for 18 months each over a four-year period to work in lead discovery and development. These fellows will be recruited from continental Europe, and the first of these scientists is expected to begin working at TDR later this year
FP6's goal is to bring together Europe's research and scientific expertise and create a European Research Area as a model for the future. The program is designed to promote scientific excellence and improve Europe's competitiveness and innovation. FP6 is the EU's main source of research funding in Europe. FP6 funding is a highly competitive process; more than 370 proposals were submitted and only about 24 percent of them will be financed
"We are delighted to receive this award and to have the opportunity to collaborate with top biologists and chemists from across the EU in lead discovery and development," said Dr. Mark Allen, senior vice president and managing director at TDR.
About Tripos, Inc.
Tripos (Nasdaq: TRPS) combines leading-edge technology and innovative science to deliver consistently superior chemistry-research products and services for the biotechnology, pharmaceutical and other life science industries. Within Tripos' Discovery Informatics (DI) business, the company provides software products and consulting services to develop, manage, analyze and share critical drug discovery information. Within Tripos' Discovery Research (DR) business, Tripos' medicinal chemists and research scientists partner directly with clients in their research initiatives, leveraging state-of-the-art information technologies and research facilities.
Headquartered in St Louis, Mo., Tripos spans the world with global research operations and an international client base. Further information on Tripos can be found at http://www.tripos.com.
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CONTACT: Tripos, Inc
Jim Rubin, 314-647-8837
or
Waggener Edstrom Bioscience
Lisa Osborne, 425-638-7134 (Media only) [email protected]
KEYWORD: MISSOURI UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: MEDICAL PHARMACEUTICAL BIOTECHNOLOGY
SOURCE: Tripos, Inc.