MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX) announced today that its co-founder and CEO Dr. Simon Moroney was awarded the Bavarian State Medal for Outstanding Services to the Bavarian Economy. The award ceremony took place at the Bavarian State Ministry of Economy, Infrastructure, Transport and Technology in Munich, Germany, on November 23, 2009.
'I am pleased to award Dr. Moroney the Bavarian State Medal for Outstanding Services for his contribution to the Bavarian biotechnology sector and the Bavarian economy in general', commented Martin Zeil, Bavarian State Ministry of Economy, Infrastructure, Transport and Technology. 'MorphoSys is a success story in the German biotech landscape and acts as a key factor for Munich's endeavors to become a leading biotechnology region. Thanks to the sustainable business model Dr. Moroney is pursuing with MorphoSys, the company was able to provide new jobs even in these challenging markets.'
Since being founded in 1992, MorphoSys has been one of the most closely followed German biotechnology companies. From its start as a core team of young researchers, it has grown into a globally operating organization with some 400 employees. Within the biotechnology sector, MorphoSys is viewed as a technology leader and the partner of choice for antibody development.