7TM Pharma Acquires CareX S.A.

Denmark - 24 May 2006: 7TM Pharma announced today that they have acquired CareX SA, a privately held French company based in Strasbourg, France. CareX specializes in discovery of small molecule drugs for the treatment of metabolic diseases. 7TM Pharma has acquired CareX through the acquisition of the entire issued share capital of CareX SA.

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