Monday, July 16, 2001
Pharmacopeia Inc., once touted as a chemistry service success story for
achieving profitability, has concluded that the business can't be sustained. The company
announced last week that the revenues from its chemistry service unit are no longer
sufficient to support the service, and as a result, PCOP is looking for a home for its
drug discovery expertise through a joint venture, a merger, or by acquisition.
PCOP spokesperson Sue Rodney told BioCentury that although the unit has