Improving offerings across the chemical, biotechnology, pharmaceutical, and most notably, the cosmetics industry.
Lhasa is delighted to announce the acquisition of Molecular Networks GmbH and Altamira, LLC.
Molecular Networks (MN), based in Germany, and US-based Altamira (AM) are known for innovation and excellence in cheminformatics, with a focus on scientific software applications for in silico profiling and evaluation of chemical compounds.
Molecular Networks (MN-AM) software products are used worldwide in industry and academic research, to design and optimise chemical products and processes. One of their flagship products, ChemTunes·ToxGPS, a safety assessment system that integrates data and knowledge from experiments and predictions, is widely used for safety assessments within the cosmetics industry. The system includes chemical, biological, and safety data based on a high-quality dataset developed in collaboration with the FDA and the EU SEURAT-1 Research Initiative, via the COSMOS project.
Dr Chris Barber, CEO of Lhasa Limited, says: “We have worked alongside Molecular Networks and Altamira for a number of years. I’ve always been impressed with their approach and their scientific software products. This is a great opportunity, which will benefit our collective community, alongside supporting our charitable purpose of advancing chemical safety science and reducing the need for animal testing.”
Lhasa have a long-standing relationship with Molecular Networks and Altamira, having successfully collaborated on several EU funded projects. The acquisitions will broaden the chemical safety assessment impact, delivering additional value to Lhasa members, MN-AM’s clients and stakeholders.
Dr Chihae Yang, CEO and Founder of MN-AM, says: “We are thrilled to join Lhasa Limited. We share a common vision and mission with Lhasa, to provide high-quality scientific software products and services that support the scientific community and society. I look forward to working together to realise the full potential of in silico approaches for assessing the safety of chemicals.”
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