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Athenix Corporation to relocate its corporate headquarters - New space in Research Triangle Park, North Carolina will accommodate expected growth in 2007 and beyond

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Research Triangle Park, North Carolina
February 22, 2007

Following a year of significant growth, Athenix Corporation is moving its operations from Durham to Research Triangle Park today.

The move is the latest indicator of success at Athenix, a leading biotechnology company that develops novel products and technologies for agricultural and sustainable industrial applications. The company anticipates continued growth in years to come.

"Past growth, coupled with a very rich R&D pipeline, has Athenix very excited about its future," said Mike Koziel, president and chief executive officer for Athenix. "This company is in a very good place, and poised for impressive growth."

Markus Andres, chief operating officer for Athenix, said the company grew by approximately 20 percent in 2006 and added 12 new positions, bringing its current employee count to 50. Andres expects Athenix to add at least 10 more positions in 2007.

The Athenix office space and laboratories have been in Durham since the company's founding in 2001, with greenhouse space nearby at Duke University. At 30,000 square feet, the new facility offers nearly three times the capacity of the current location, and includes office space, laboratories and a greenhouse.

"While our new facilities will include greenhouse space," Koziel explained, "we'll continue operations at Duke and build on the relationship between Athenix and the university. However, it's important to have greenhouse capabilities on site. The added space is necessary to accommodate the projected growth of Athenix."

On the heels of exceptional results from its 2006 field trials, Athenix announced in November that it is advancing its lead products into registration and commercial development. The field trials evaluated proprietary genes for resistance to key corn insect pests as well as tolerance to the world's leading herbicide, glyphosate.

In its 2006 herbicide tolerance trials, the company's proprietary class of glyphosate-tolerant genes produced outstanding levels of tolerance to this important herbicide. In the insect resistance trials, plants demonstrated commercial levels of resistance to key pests, including European corn borer, corn rootworm, and corn earworm.

Athenix has entered an intense commercial product development phase that includes additional field trials and the development of regulatory packages. This will allow Athenix to sell transgenic corn products that offer resistance to insects and tolerance to glyphosate.

The new Athenix headquarters is located at 108 T. W. Alexander Drive, PO Box 110347, Research Triangle Park, N.C. 27709. The main phone number is (919) 328-4100, and the fax number is (919) 328-4101.

Athenix is a leading biotechnology company that develops novel products and technologies for agricultural and sustainable industrial applications. Athenix is focused on developing enhanced plants, microbes, enzymes, and processes with emphasis on two major market opportunities: 1) the discovery of genes and proteins for novel input traits such as insect resistance, nematode resistance, and herbicide tolerance, and their use to develop transgenic plants for the crop production industry; and 2) the discovery of genes and proteins for use in the sustainable chemical industry.

 

 

 

 

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