Investors Beam as Tripos Discloses Plan to Seek Strategic Alternatives, Pens $5M Deal with Wyeth

Jan 13, 2006

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Shares in Tripos began to climb this week following news that the company had hired a financial advisor to help it "explore various strategic alternatives," and continued their ascent after the company disclosed an informatics collaboration with Wyeth Pharmaceuticals worth approximately $5 million.

At press time, the company's stock had risen 28.4 percent over the course of the week — a welcome boost after several years of lackluster performance.

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