SOUTHERN RESEARCH INSTITUTE SPINS OUT NEW FOR-PROFIT DRUG DELIVERY COMPANY, BROOKWOOD PHARMACEUTICALS

Southern Research Institute today formally announced that it has launched a new for-profit company, Brookwood Pharmaceuticals, Inc., spinning out the Institute's 30-year old in-house drug delivery group which focuses on the development of time-release formulations for pharmaceuticals delivery. Brookwood Pharmaceuticals recently acquired the Ohio-based external polymer manufacturing business of Alkermes and will operate that business as a Brookwood subsidiary called Lakeshore Biomaterials.

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