12/11/00 - iResearch System Captures Most Innovative New Product 2000 Award Over
SAN DIEGO, Dec 11, 2000 (BUSINESS WIRE) -- ChemNavigator, which links drug discovery researchers to the world's largest source of chemical compounds and cross-referenced drug discovery information, today joined the ranks of such San Diego giants as Qualcomm, IDEC Pharmaceuticals, Advanced Tissue Sciences and HNC Software, all previous winners of a Most Innovative New Product Award from UCSD CONNECT. ChemNavigator won this year in the Internet/Software: Application Service Provider category for its iResearch(TM) System.
ChemNavigator launched in March 2000 as one of the first companies to utilize the Web to its fullest extent by converging high-tech and biotech to create an ASP model for life scientists. The company serves pharmaceutical and biotechnology companies, as well as independent research and academic institutes, in their pursuit to bring new drugs to market faster and more cost effectively.
The iResearch System, based on ChemNavigator's patent-pending Fuzzy Similarity Join technology, is an extremely powerful search engine, able to search a database of over one million compounds in seconds flat. It has answered a need in the industry to provide a chemical structure-based search engine that excludes superfluous data and delivers exactly what the researcher wants.
The iResearch System is used to sketch, identify and purchase samples of drug-like compounds from a growing collection of international suppliers. Simultaneously, the system retrieves cross-referenced data on FDA filings, public meeting procedures and therapeutic patents.
"The massive amounts of data that life science researchers have to deal with, especially with the advances made in the Human Genome Project, can only be channeled into life-saving drug discoveries with the help of innovative technologies," said Scott Hutton, president of ChemNavigator. "The iResearch System gives researchers an efficient, low cost option for accessing chemistry that will ultimately mean new drugs on the medicine cabinet shelf sooner and for less money. We're proud of our work and honored to have been selected from such a distinguished group."
About ChemNavigator
ChemNavigator links life scientists to the world's largest global inventory of commercially available chemical compounds and information. Its proprietary iResearch System platform supports structure-based queries across a secure, rapidly growing database of over one million drug-like compounds, significantly streamlining the research and compound-procurement process. ChemNavigator facilitates complex purchases across multiple suppliers while providing access to valuable research information. Founded in 1999, ChemNavigator has formed over 15 partnerships and has earned a seal of approval from Verisign for safe and secure Internet connections for business transactions. For more information, visit www.chemnavigator.com.
About UCSD CONNECT
UCSD CONNECT was founded in 1985 to foster economic development in the San Diego region. UCSD and the local business community envisioned an organization that would encourage the growth of high-technology companies to respond to the decline of the space and defense industries, and to replace them as the driving force behind the San Diego economy. UCSD CONNECT became an "incubator without walls," nurturing entrepreneurship in high-tech and life science industries.
UCSD CONNECT links entrepreneurs with the resources they need for success: money, markets, management, partners, support services and access to government officials. Its programs also help business service providers, attorneys, accountants, bankers, investors and marketing professionals by providing them with the knowledge about emerging technologies and access to new business opportunities.
UCSD CONNECT is entirely self-supporting and receives no funding from the University or the state of California. It is supported by membership dues, course fees and corporate underwriting for specific programs. For more information, see www.connect.org.
CONTACT: ChemNavigator, San Diego
Noel Wheeler, 858/450-9740 ext. 322
nwheeler@chemnavigator.com
or
The Gable Group
Dana Perino, 619/234-1300 ext. 238
dana@gablegroup.com |
