DETAILED DESCRIPTION OF THE INVENTION In one aspect, the present invention provides a stereoselective process for reducing a phenylalkyl ketone to the corresponding (S)-hydroxy derivative, which comprises contacting said phenylalkyl ketone with Mucor hiemalis. In a preferred embodiment said phenylalkyl ketone has the formula (III): ##STR3## and said (S)-hydroxy derivative has the formula (IV): ##STR4## wherein R. sup. 1 is hydrogen, halogen, lower alkyl, lower alkoxy, CO. sub. 2 R. sup. 5, COR. sup. 5 or C(R. sup. 6). sub. 2 --O--R. sup. 7 ; or a radical of the formula: ##STR5## R. sup. 2 is hydrogen, halogen, lower alkyl, lower alkoxy, CO. sub. 2 R. sup. 5, COR. sup. 5 or C(R. sup. 6). sub. 2 --O--R. sup. 7 ; R. sup. 3 and R. sup. 4 are independently hydrogen or halogen; and R. sup. 5 is hydrogen or lower alkyl; R. sup. 6 is lower alkyl; and R. sup. 7 is hydrogen or a hydroxy protecting group. A is --CH. dbd. CH--S-- or --CH. dbd. CH--CH. dbd. CH--; n is 1 to 3. In a more preferred embodiment, said phenylalkyl ketone has the formula (IIIa): ##STR6## wherein R. sup. 2 is CO. sub. 2 R. sup. 5 or C(R. sup. 6). sub. 2 --O--R. sup. 7 ; R. sup. 3 is hydrogen and R. sup. 4 is chlorine; or R. sup. 3 and R. sup. 4 each is fluorine; R. sup. 5 is hydrogen or lower alkyl; R. sup. 6 is lower alkyl; and R. sup. 7 is hydrogen or a hydroxy protecting group. More preferably, in compounds of formulae (IIIa) and (IVa) R. sup. 3 is hydrogen and R. sup. 4 is chlorine; R. sup. 2 is CO. sub. 2 R. sup. 5 ; and R. sup. 5 is methyl. Abbreviations and Definitions In the application, unless specifically stated otherwise, the following abbreviations and definitions apply. FAB-MS=fast atom bombardment mass spectrometry HPLC=high pressure liquid chromatography MES=N-morpholinoethanesulfonic acid NMR=nuclear magnetic resonance TLC=thin-layer chromatography UV=ultraviolet "Alkyl" includes linear, branched and cyclic structures and combinations thereof. "Lower alkyl" means alkyl groups of from 1 to 7 carbon atoms. Examples of lower alkyl groups include methyl, ethyl, propyl, isopropyl, butyl, s- and t-butyl, pentyl, hexyl, heptyl, cyclopropyl, cyclobutyl, cyclopentylmethyl, cyclohexyl, and the like
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