DPII: Discovery Partners Int'l Message Board

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Biotech / Medical : DPII: Discovery Partners Int'l

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To: Mike McFarland who wrote (23)	10/14/2005 8:47:45 PM
From: Mike McFarland	Read Replies (1) of 111

DPI sheds "IRORI chemical synthesis systems business, Crystal Farm automated protein crystallization business, and the Universal Store compound storage systems business". Not much changes on the books--for the first six months of the year the loss changes to 19 cents--down from 23 cents. For all of last year earnings are 13 cents, down from 15 cents. I don't know a damn thing about accounting, so search me why they retroactively change these numbers. Anyway, DPI still has access to any technology, and gets in return a little less than 1.8 million. I didn't notice how many employees DPI sheds, presumably DPI is moving toward being a tool company and more of a discovery company "by divesting our Discovery Systems business, we will be better positioned to focus on our core business. Over the past several months, Discovery Partners has increased its emphasis on value added integrated drug discovery collaborations and this action will allow us to increase our investment in this direction."

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