GLAXOSMITHKLINE ENGAGES BIOWISDOM IN SECOND AGREEMENT FOR ONTOLOGY

GLAXOSMITHKLINE ENGAGES BIOWISDOM IN SECOND AGREEMENT FOR ONTOLOGY

Cambridge, UK (PRWEB) November 27, 2003 -- BioWisdom, the world leader in Ontology today announces that it has entered into a long-term, non-exclusive agreement with GlaxoSmithKline (GSK). The three-year agreement extends the scope of an existing 18-month collaboration between the two companies.
GSK will import components of BioWisdoms ontologies into its internal thesaurus. By sourcing ontologies externally in this way, GSK increases its productivity and gains a rapid, scalable and cost-effective method of building a comprehensive thesaurus. Under the terms of the agreement, BioWisdom will also provide consultancy to GSK in areas related to the development of ontology-based applications that improve productivity in drug discovery and development, and support knowledge re-use.
Gordon Smith Baxter, CEO of BioWisdom, commenting on the agreement said, "The collaboration announced today provides important customer validation of the quality of our ontology products and our expertise in this arena."

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ABOUT ONTOLOGY
Ontology is a branch of science that deals with knowledge capture and representation. BioWisdoms approach involves the development of specialized knowledgebases (ontologies) and the software tools for managing them. Ontologies can be used to enhance information retrieval and specialized text-mining systems, for annotation of databases, or as tools to facilitate discovery and decision-making. Ontologies can also be used to dramatically improve the visibility of knowledge resources within large and complex organizations.
ABOUT BIOWISDOM LTD
BioWisdom Ltd., headquartered in Cambridge UK and established in September 2000, is a world leader in Ontology. BioWisdom has the largest available life science ontologies encompassing millions of relationships between a wide range of concepts, including genes/proteins, diseases, compounds, adverse events, tissues/cells, and techniques. BioWisdom provides its ontologies in a wide range of formats, from simple taxonomies to more complex multidimensional networks depending on the application in which they are to be used. BioWisdom also provides expertise in the development of ontologies for customers as well as the tools for their management.