BioImagene Acquires TissueInformatics Inc, and Strengthens Its Position as the Leader in Integrated Solutions for Tox-Path.CUPERTINO, Calif. -- BioImagene announced today the closing of its acquisition of TissueInformatics, from Icoria -- a business unit of Clinical Data Inc. This acquisition makes BioImagene the technological leader in tissue analysis and enriches their product portfolio from research to Tox-path. TissueInformatics is a pioneering company in tissue image analysis, based in Pittsburgh, Pennsylvania “Pittsburgh” redirects here. For the region, see Pittsburgh Metropolitan Area. Pittsburgh (pronounced IPA: /ˈpɪtsbɚg/) is the second largest city in the Commonwealth of Pennsylvania. . It specializes in the development and application of automated pathology software for the quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of tissue changes in drug discovery, disease assessment, toxicology toxicology, study of poisons, or toxins, from the standpoint of detection, isolation, identification, and determination of their effects on the human body. Toxicology may be considered the branch of pharmacology devoted to the study of the poisonous effects of drugs. , and tissue engineering research. BioImagene has taken a key step in their growth strategy with the acquisition of TissueInformatics; namely: --The synergies bring with it a broad pipeline of IP-protected product opportunities and innovations in the tox-path area; --Stronger East Coast presence serves the growing needs of Bio-Tech and pharmaceutical companies; --Merger of the core strengths in tissue-image analysis with data and Image management and mining solutions addresses significant unmet needs in the tox-path market; --Customers and partners can leverage BioImagene's strong resources for new and continuing projects. The combined company plans to rapidly integrate TissueInformatics' core technology into the BioImagene platform and application suite. Mr Mohan Uttarwar, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BioImagene said, "This acquisition meets our key business objective of accelerating our efforts in the Tox-path market by offering a comprehensive solution. We welcome TissueInformatics' expertise in automated toxpath solutions and deep scientific understanding of tissue morphology morphology In biology, the study of the size, shape, and structure of organisms in relation to some principle or generalization. Whereas anatomy describes the structure of organisms, morphology explains the shapes and arrangement of parts of organisms in terms of such ." The present TissueInformatics management team will spearhead BioImagene's presence on the East coast and will maintain its presence in Pittsburgh, Pennsylvania. Max Fedor of TissueInformatics will join the BioImagene team as the Vice-president of Business Development. TSG TSG The Smoking Gun (web site) TSG Technology Services Group (UK) TSG Technical Specification Group TSG Timing Signal Generator TSG Technical Support Group TSG Tumor Suppressor Gene TSG ThermoSalinoGraph partners acted as advisers to BioImagene in the acquisition process. TSG Partners is a specialty advisory group focused on developing sector leaders in life sciences. About TissueInformatics TissueInformatics has pioneered automation of analysis of normal and pathological tissue. It has revolutionized the tissue analysis process by enabling automated quantitative analysis of tissues and has developed industry-wide expertise in tissue image capture, analysis and tissue morphology. About BioImagene, Inc BioImagene provides sophisticated Bio-Image Analysis & Management products built on their technology platforms SIMS SIMS Secondary Ion Mass Spectrometry SIMS School of Information Management and Systems SIMS Sun Internet Mail Server SIMS Student Information Management System SIMS Steacie Institute for Molecular Sciences (National Research Council, Canada) (TM) & iHARNESS(TM). BioImagene's products allow researchers to effectively manage and analyze large numbers of large-sized images and their associated metadata. Image and numerical data Numerical data (or quantitative data) is data measured or identified on a numerical scale. Numerical data can be analysed using statistical methods, and results can be displayed using tables, charts, histograms and graphs. can be easily shared across the web, facilitating collaboration and accelerating decision-making. Their customers include the top pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. companies as well as major pathology research laboratories. BioImagene is headquartered in Cupertino, California. For more information please visit www.bioimagene.com. For details on the acquisition please contact Ms. Gauri Naik, Director Marketing, BioImagene Inc. at 1 408 914 2619. |
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