Skip to main content
Premium Trial:

Request an Annual Quote

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



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.

Anthony Grass, vice-president for marketing and communications, added that although a sale of the company is one option being considered, it is not a preferred strategy. "The real story is we are concentrating on life sciences and pharmaceutical markets and we are consolidating to do that better," he said.

Toward that end, Hiddleston said that Oxford Molecular’s UK bioinformatics staff has been relocated to Madison, Wis., the headquarters of Genetics Computer Group, a wholly owned subsidiary of Oxford Molecular.

John Devereux, who founded Genetics Computer Group in 1982 and is considered a bioinformatics industry pioneer, recently retired. Matteo di Tommaso, who developed the company’s SeqStore data management product and previously headed database development at the European Bioinformatics Institute, has been appointed general manager. Devereux will continue to work as a consultant to the company.

Filed under

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.