Southern Research to acquire BioCryst's bioanalytical laboratory assets

Southern Research Institute today announced that it is acquiring the bioanalytical laboratory assets and bioanalytical personnel of BioCryst Pharmaceuticals. Terms of the agreement were not disclosed.

This acquisition will allow Southern Research to expand its existing bioanalytical laboratory services, especially in the area of clinical trials support.

"We are happy to have this opportunity to expand our bioanalytical services and to offer some BioCryst employees an opportunity to join our team at Southern Research," said Andrew Penman, Ph.D., vice president of Drug Development at Southern Research. "This offer will also keep these scientists and their families in Birmingham, which is important to industry growth here."

The bioanalytical lab personnel will continue working in the BioCryst research facility in Birmingham until they can be relocated to Southern Research's Southside Birmingham campus some time early next year.