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About VDDI
Pharmaceuticals
VDDI, headquartered in Brentwood, TN, is a pharmaceutical
development company formed to in-license and develop therapeutics
indications in the areas of infectious disease, cancer,
and cardiovascular disease. VDDI targets products that can
have narrow indications for life-threatening medical conditions
and that have the potential for fast track approval. VDDI
focuses on pharmaceutical products where general proof-of-principle
has already been established in pre-clinical or human testing,
and where the properties are novel and offer significant
potential advantages to what is currently either already
in the market or in development. VDDI acquires rights to
compounds from both private and public partners, pursues
fast track approval, develops compounds through Phase II
of the required regulatory approval processes and then seeks
to license these products to its partners for late stage
development and marketing. For more information, visit www.virtualdrugdevelopment.com.
About
Paradigm Genetics, Inc.
Paradigm Genetics, Inc. (Nasdaq: PDGM), headquartered in
Research Triangle Park, NC, is an integrated life sciences
company developing new technologies to discover products
for the advancement of human health, agriculture and nutrition.
In human health, Paradigm uses its proprietary MetaVantageTM
technology to transform drug discovery and development,
significantly enhancing the ability to understand and commercialize
drug targets, lead compounds, and predictive medicine. MetaVantageTM
elucidates the metabolic profile of a cell, tissue, or fluid,
and integrates this information with data from other genomics
analyses using Paradigm's proprietary comprehensive informatics
system. By globally interrogating biochemistry, MetaVantageTM
extends beyond traditional genomic technologies to reveal
the next level of cellular information. For more information,
visit www.paradigmgenetics.com.
This
press release contains forward-looking statements, including
statements regarding Paradigm's ability to develop novel
technologies to speed the discovery of products for the
advancement of human health, agriculture and nutrition,
the value of its metabolomics technology for the drug discovery
and development process and its ability to integrate biochemical
profiles with other genomics analyses. Such forward-looking
statements are based on management's current expectations
and are subject to a number of risks, factors and uncertainties
that may cause actual results, events and performance to
differ materially from those referred to in the forward-looking
statements. These risks include, but are not limited to,
Paradigm's early stage of development, history of net losses,
technological and product development uncertainties, reliance
on research collaborations, uncertainty of additional funding
and ability to protect its patents and proprietary rights.
These and other risks are identified in Paradigm's report
on 10-Q for the quarter ended September 30, 2001, filed
with the Securities and Exchange Commission.
MetaVantage
is a U.S. trademark of Paradigm Genetics, Inc.
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