Selvita Opens New Research Site in Poznan

Krakow, Poland, February 4, 2016 / B3C newswire / -- Selvita (WSE:SLV), the largest drug discovery company in Central and Eastern Europe, has signed a contract for the lease of laboratory space in Poznan, Poland. The new site will be located at in the Wielkopolska Centre of Advanced Technologies and commence research activities in the summer of 2016. The initial laboratory space will amount to 5,500 sq. feet, which constitutes nearly 20% increase in Selvita laboratory space, compared to the current state with significant extension possibilities.

Poznan facility will be the first Selvita research site outside Krakow and its opening will fulfill one of the strategic goals presented during Selvita's IPO in December 2014.

At the beginning, Selvita plans to employ approx. 50 people in Poznan - mostly chemists and biologists - gradually increasing their number in subsequent periods. Ultimately, the facility in Poznan is meant to be the "second heart of Selvita", providing both contract services, as well as actively participating in internal R&D projects.

"Wielkopolska region has a fantastic scientific potential. We are fully aware that for many talented graduates from local universities, the decision to relocate to Krakow can be very difficult, and for this reason we decided to come to them" says Dr. Miroslawa Zydron, Director of the Contract Chemistry Department and Member of the Management Board at Selvita. "The foundation of Poznan team will be the employees  coming from that region, who have already  been working  at Selvita for some time, in our laboratories in Krakow. Recently we have been also recruiting locally in Poznan. Selected candidates are being invited to join Selvita for a few months in Krakow, so they can have the opportunity to get to know our company and its organization, before they start working in Poznan" she added.

Selvita headquarters and the main laboratories with a research space of 30,000 sq. foot, are located in Krakow, Poland.  In 2015, Selvita opened its subsidiaries in major biotech centers in the world – Selvita Inc. in the Greater Boston Area, in the San Francisco Bay Area in US and Selvita Ltd. in Cambridge, UK.

About Selvita
Selvita is a drug discovery company engaged in the research and development of breakthrough therapies in the area of oncology, as well as provision of integrated drug discovery services. Selvita was established and 2007 and currently employs 314 people, including 94 PhDs, with extensive experience in area of life sciences. Selvita has currently several projects at early or late discovery stage and is expected to move its first candidates to the clinic in 2016. Drug discovery clients of Selvita include more than fifty large and medium-sized pharmaceutical and biotechnology companies from USA and Europe. Selvita offices are located in Greater Boston Area, San Francisco Area, Cambridge, UK, and Krakow, Poland. The company is listed on the Warsaw Stock Exchange (WSE:SLV).

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