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Acologix Announces Relocation
HAYWARD, Calif., Dec. 21, 2004 Acologix Inc., a privately
held biopharmaceutical company, announced today the relocation of
its headquarters and R&D functions from Emeryville to a new
biotech facility in Hayward, California.
The newly built-out state-of-the-art space was designed specifically
for Acologix's needs in its administration and R&D activities
for next several years. The initial size is approximately 14,000
square feet and the future expansions are taken into consideration.
"With months of planning, building, and validation complete,
I am very pleased that we are finally moving into this nicely designed
facility," said Mr. Yoshi Kumagai, President and CEO of Acologix.
"While we have demonstrated efficient pharmaceutical development
operations within very limited spaces and equipments for past few
years, this new facility will further improve the efficiency of
the talents in our company. Also, by locating in the middle of the
Bay Area, we expect another advantage that we will be able to attract
more talents from most parts around the Bay."
About Acologix Inc.
Acologix Inc., now based in Hayward, Calif., is a privately held
biopharmaceutical company focused on developing and commercializing
novel therapeutics primarily for the treatment of metabolic disorders
of kidney and bone that represent significant unmet medical needs.
Founded in 1992, the Company's research and development efforts
are centered on the body's metabolism of minerals and extracellular
matrix molecules. This has led to the identification of unique therapeutic
candidates for product development and commercialization. Acologix
is seeking strategic development, commercial partnerships and licensees
with pharmaceutical and biotechnology companies for several of its
programs.
This press release contains "forward-looking" statements.
These statements involve risks and uncertainties, which may cause
results to differ materially from those set forth in the statements.
The forward-looking statements include statements regarding product
development and cannot be guaranteed. Acologix undertakes no obligation
to publicly update any forward-looking statement, whether as a result
of new information, future events, or otherwise. Forward-looking
statements in this press release should be evaluated together with
the many uncertainties that affect Acologix's business.
Company Contact
Yoshi Kumagai
President & CEO
Acologix, Inc.
3960 Point Eden Way
Hayward, CA 94545
Phone: 510.512.7200
Fax: 510.786.1116
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