October 23, 2007 16:21 ET

bioRASI Selects Hollywood, FL for Its Worldwide Headquarters

Strategic Initiative of the Russian Academy of Science Is the Latest Biosciences Addition to Florida

HOLLYWOOD, FL--(Marketwire - October 23, 2007) - bioRASI, a strategic initiative of the 250,000 persons strong Russian Academy of Sciences, announced that it has selected the city of Hollywood, FL as the location for its new worldwide headquarters. The announcement was made at The Broward Alliance Annual Meeting, where the Mayor of Hollywood, Mara Giulianti, presented the Founder and Chairman of bioRASI, Dr. Boris Reznik, a key to the City.

"Hollywood, Florida is an ideal location for our global headquarters," said Dr. Reznik. "Not only was it recently selected as one of the 2007 All America Cities, but it is located in the heart of Florida, nestled among major universities, world-class hospitals and some of the best clinical research centers."

bioRASI leads the life sciences initiative of the RAS, one of the most well-respected and largest R&D organizations in the world. With offices located throughout Europe and North America, bioRASI works with the world's leading biotech and pharmaceutical companies to improve health and cure diseases. bioRASI accelerates the development of novel therapeutics by leveraging its unrivaled scientific knowledge and global resources. The 12,000 sq. ft. offices in Hollywood, Florida will house the staff, expected to grow to at least 48 employees in two years.

"The city of Hollywood is excited to attract a company of bioRASI's caliber," Mayor Giulianti said. "Hollywood presents an ideal location for bioRASI both as a hub of the South Florida life sciences community as well as one of the most livable cities in the US."

Founded in 1724 by Peter the Great, The Russian Academy now embodies more than 250,000 scientists in more than 1,000 institutes and centers. The Academy is currently collaborating on more than $4.5B ongoing contracts and grants from private companies, governments and NGOs worldwide. More than 30,000 people are directly involved in Biomedical and Healthcare related activities ranging from Basic research to all phases of Drug Discovery and patient care in hundreds of institutes and clinical centers.

"With the location of its worldwide headquarters in Hollywood, bioRASI will join other prestigious scientific institutions such as Scripps, Burnham, and Torrey Pines in enhancing Florida's position as a burgeoning life sciences destination," said John Adams Jr., president and CEO of Enterprise Florida, the state's lead economic development organization. "We have the foundation for a strong long-term position in the life sciences industry, helping Florida to be more competitive against other states."

"The Broward Alliance was pleased to assist bioRASI in their site location process and we look forward to working with them in the future," stated James P. Tarlton (JT), president and CEO of The Broward Alliance. "bioRASI is a part of the largest research and development organization in the world and we are thrilled they are joining the cluster of top-rated international companies who already call Broward County home."

About bioRASI

bioRASI is a strategic initiative of the Russian Academy of Sciences. It collaborates with biotechnology and pharmaceutical companies around the world in the development and implementation of novel therapeutics and diagnostics. bioRASI leverages its unequaled scientific expertise and worldwide infrastructure to significantly accelerate and improve the development of drugs, biologicals, and medical devices. bioRASI provides the entire range of global CRO services, from discovery through clinical research and development. bioRASI is headquartered in Hollywood, FL and has regional offices across the globe.

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