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´╗┐Anaphore Inc Announces Acquisition of RuiYi in Shanghai China for GPCR Biologics Drug Discovery Plat

"The acquisition of RuiYi in China allows Anaphore to access the substantial scientific expertise, capital and potential new collaboration opportunities in the Chinese pharmaceutical marketplace," said Paul A. Grayson, president and CEO of Anaphore. "RuiYi also provides Anaphore a Wholly Foreign Owned Enterprise (WFOE) in Pudong Shanghai, a necessity for conducting business in China, and establishes relationships with all of RuiYi's current collaborators."

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"I am very excited about the opportunity to work with Paul and his creative team at Anaphore," added Dr. Stevens. "Anaphore's existing expertise in biologic drug development combined with RuiYi's knowledge in targeting GPCRs is an optimal alignment of talent, energy and resource to discover novel medicines to address human medical needs."

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acquired Shanghai based RuiYi Inc., bringing the company a powerful biologics drug discovery platform focused on the discovery and development of biologic therapies targeting G protein coupled receptors (GPCRs). of Shanghai, China.

New Members of Anaphore Board of Directors

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Peppi Prasit, PhD, is the founder and CEO of Inception Sciences. Previously, he was the co founder and chief scientific officer Gucci Belt Double G Buckle

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Anaphore recently closed on the fifteen million dollar second tranche of the company's thirty eight million dollar Series A financing. Appoints Paul A. to Present Company Overview with Focus on Atrimer Technology Platform at 13th Annual C21 BioVentures Conference Is AstraZeneca Louis Vuitton Belt Original Price

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Anaphore is also announcing two new independent directors to its Board of Directors Peppi Prasit and Raymond Stevens. "We are delighted to bring both Peppi and Ray onto the Anaphore Board of Directors," commented Paul Grayson. "Combining the substantial and proven scientific and drug hunting capabilities of both Ray and Peppi enhances the expertise of our existing board and investor base."

LA JOLLA, Calif., March 22, 2012 /PRNewswire/ Anaphore Inc. today announced that it has Hermes Belt Expensive

Raymond Stevens is a Professor of Molecular Biology and Chemistry at The Scripps Research Institute in La Jolla, California. Dr. in chemistry in 1988 and conducted his post doctoral research in structural biology in the Chemistry Department at Harvard University. Dr. Stevens has helped to pioneer the areas of high throughput structural biology and GPCR structure function, publishing more than 270 peer reviewed publications in the past 20 years. His research is focused in the area of structural biology and structure based drug discovery including involvement in the development of TamifluTM for influenza virus, KuvanTM for mild phenylketonuria, Peg palTM for classical phenylketonuria, and alogliptinfor type II diabetes. He has also founded four biotech companies Louis Vuitton Belt Black And Grey Syrrx, MemRx, Receptos, and RuiYi.

of San Diego based Amira Pharmaceuticals, which was acquired by Bristol Myers Squibb in July 2011. Dr. Prasit has more than 20 years of experience in pharmaceutical research and management serving in various positions with Merck Frosst Canada and more recently at Merck San Diego. During this time, he played a pivotal role in the discovery of multiple marketed drugs. Dr. from Victoria University of Wellington in New Zealand and served as a postdoctoral fellow at Princeton University.

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GPCRs are a class of cell surface signaling proteins that has broad tissue expression in the body and are ideal drug targets, constituting greater than 40 percent of marketed small molecule drugs. While much progress has been made over the years in the development of small molecule pharmaceuticals targeting GPCRs, development of biologic therapies have been much more limited. RuiYi's technology allows for the discovery of high quality GPCR biologics.

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