REANAL AND CELTIC CATALYSTS TEAM UP TO PROVIDE DIFFICULT-TO-MAKE AMINO ACIDS FOR PEPTIDE MARKET

Budapest and Dublin, February 22nd, 2011

Reanal a leading producer of amino acids, headquarted in Budapest, Hungary and Celtic Catalysts a chiral technology and process development company headquartered in Dublin, Ireland today announced the formation of a strategic alliance. This alliance brings together Celtic Catalysts’ world-class expertise and technology in asymmetric catalysis with Reanal’s 100-year track record for providing high-specification amino acids and related products to peptide manufacturers. The companies will work together to provide the pharmaceutical industry (and peptide manufacturers in particular) with high specification unnatural, unusual amino acids at large scale.

Brian Kelly, CEO of Celtic Catalysts commented, “I am delighted that Celtic Catalysts is forming this alliance with Reanal. It fits perfectly with our strategy of partnering with recognized leaders in large-scale amino acid production with whom we can work to supply our customers with high specification products at whatever scale they require”.

Vilmos Galamb, CEO of Reanal is very optimistic about the success of cooperation: “The proven experience of Reanal in manufacturing amino acid derivatives for the peptide industry combined with the novel chiral technologies Celtic provides smooth scale-up from the research scale to production scale. The primary beneficiary of this integration is certainly the pharmaceutical industry which can easily access new building blocks in larger scale.”

About Reanal
Reanal specializes in the production of protected amino-acids used for peptide synthesis and offer custom synthesis of oligopeptides from few kilograms to several hundred kilograms.

About Celtic
Celtic Catalysts was established in Ireland in 2000 to develop technologies and processes which underpin the manufacture of high-value products in the Pharmaceutical, Biotech, Agrochemical and Flavor & Fragrance industries. Since its formation, the company has developed ground-breaking chemistry (particularly in the area of P-chiral catalysis) which it uses to provide its clients in industries with products and services which enable them to realize significant manufacturing cost savings. Since formation, the company has grown steadily and now houses an R&D team in Dublin, Ireland and a process development and pilot-scale production team in Wilton, UK.

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