Oxford Molecular Execs Consider Sale of Company, GCG’s Devereux Retires

Mar 09, 2000

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XFORD, UK--Executives at Oxford Molecular have acknowledged that they and their advisors, Donaldson Lufkin & Jenrette International, are considering a sale of the company. The company last month announced 1999 losses of £26 million and plans to cut 55 jobs.

James Hiddleston, a company director here, told BioInform that Oxford Molecular’s bioinformatics business has been expanding and that a new strategy calls for concentrating resources on development of drug discovery software.

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