Asterand merges with Pharmagene PLC

Michigan Chronicle, October, 2005

Michigan Chronicle 10-11-2005 Pharmagene, a human tissue-based drug discovery company listed on the United Kingdom stock exchange, announced that it has agreed to the terms of a merger with Asterand, a private U.S. company focused on human tissue supply and services. Asterand is headquartered in TechTown, Detroit's only research and technology park. "When we founded Asterand just over five years ago, we decided on Michigan as the ideal state and Wayne State University as the ideal location.

Those decisions have proved correct," said Asterand CEO Randal Charlton. "We recognize that the support we've received from the state, the university, and TechTown in particular, have helped us grow this company as rapidly as possible." Asterand is the leading supplier of...

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